Monday, June 25, 2012

Which Way to Go - Nifty

As Wrote You on Friday, Nifty not able to Hold above 5190. Nifty moving with High voltage of Volatility between 5190 to 5090. I have given two Scenario here Bearish & Bullish.

As per Bearish we are on sw(c) - means Nifty may rest near 5040 as right to say Wave A = C.

As per Bullish (round with Yellow Circle) - means Nifty on sw3(ii) which may find support near 5080-90 level.

Lets See. Cheers!!!