Thursday, November 29, 2012

Its a Warning to Bear.

Dear All,

>>> NIFTY <<<

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

Nifty Confirmed the Start of 5th Wave broken all previous highs and Bulls have warned the Bears for next upmove.

Ongoing 5th wave seems to be extension waves, and it shows that not easy for bears to break the uptrend as I feel many traders may get trapped in Shorts.

As I wrote on Yesterdays Post "Crouching Bull Hidden Bear" about the possible 600 Point rally, Please refer the Yesterday's Post for more details.

Let enjoy the upmove..

>>> BANK NIFTY <<<

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

Seems like a Triangle Break out on Bank Nifty - 1000 Point rally ahead from 11700 give a Target of 12700 soon.