Monday, April 30, 2012

Head or Tail ???

Nifty still inside a Valid H&S Only - 200 Hr MA is 5156 and 5166 is a Channel Line above that H&S may get Invalidate - On the Contrary below 5222 (this count is invalidate) Nifty may see a good Sell off - as sw(c)(5) may get continue for a fall below 5154. As i said on Friday - usually H&S formed on the lower side of the Consolidation wont be effective. So a Buy call has been given to clients today with a SL of 5222. Lets See on Wednesday. Cheers!!!