Monday, October 15, 2012

Nifty - A Cat on a Wall !!!

Dear All,

>Click the Chart to see on Full Screen<

Nifty stuck between 5690 and 5650 - gave a Choppy trade today.

A break on either side should give a clear trend. Break above may give 5750 for Wave B

A break below 5640 should ensure the completion of Wave B and start of Wave C. A Clear Head and Shoulder Pattern emerges below 5640 - followed by selling pressure.

Those who still have confusion refer my Friday Weekly Review for more clarity.