Thursday, October 18, 2012

Nifty - On the Line of Fire ?!?!?

Dear All,

>Click the chart to see in full screen<

Again Nifty trying to Break 5720, and closed at 5716. There is no meaning in changing the counts and view often - as the movement became very volatile in nature.

To say it simple Nifty should either break 5640 or 5720 and must trade below or above the mentioned levels for the next move. Else its like a range bound or like a trapped bull and bear.

So if trades above 5720 tomorrow, then next Target should be 5745 and 5775 as show on chart.

Lets wait for Friday move to decide. Cheers