Tuesday, October 30, 2012

Finally Broken the Wall

Dear All,


>NIFTY<
>Click the Chart to see on full screen<

Finally Nifty broken the Support 5636, now should fall near 5550-40 to complete the C wave as given on chart.

>BANK NIFTY<

>Click the Chart to see on full screen<

Unlike I wrote Yesterday, Bank Nifty unable to hold 11420, and fell down to a low of 11173. Tomorrow 11150 act as a support and if hold we may see a reasonable rally as the pattern looks like a expanding triangle.

Failed to hold the support may see a good sell off as there are lot of gaps left on the bottom to be get filled.

Lets see.