Tuesday, September 04, 2012

Nifty - Ready for Relief Rally ??

Dear All,

European stock markets dropped on Tuesday, after Moody’s Investors Service warned that the European Union could lose its Aaa debt rating, increasing pressure on the European Central Bank to activate stimulus measures.

Back Home Nifty ended near 5274, Lets see whats Next..

As i was keeps on Saying Nifty should bounce for sw(2). Previously 5239 was the Support and even though it breached today managed to recover and close above it, due to irregular abc pattern. So lets wait for the Relief Rally for 5350+++