Tuesday, April 24, 2012

Cat on a Wall again ?


As said Yesterday if we are in sw(c) for a fall, then today upmove should be 4th one. In that case tomorrow 5242 or 5261 plays an Important resistance as marked on chart as its a 38.2% & 50% vice versa. Break above these levels shall invalidate the present count and possibility of Bulls trigger is high near 5310 to 5320 as there a two resistance line on the Upper side channel. We shall see up to 5600 if the upper channels gets broken.

On the Contrary if 5220 & 5180 gets broken again, fall upto 5100 - 5080 as said Yesterday can't be ruled out.