>>> Nifty - As Updated on 13th Nov, 2013 <<<
>>> Click the chart to see on full screen <<<
Wrote on 13th Nov about the possible bounce back as shown on chart. Now everyone know what happened and nifty almost bounced till 6195. Lets see whats next ?
>>> Happened and Yet to <<<
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I guess the upmove as wave 2 and should resist near 6221. If unable cross the resistance may confirm the end of relief rally and a good or big fall should start for wave 3. So caution advice for all long positions.
>>> ICICI BANK <<<
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Yes we are short in ICICI Bank. Resistance 1085, if unable to cross may trigger a big or good sell off. If the support channel gets broken, expect a big fall. CAUTION advised for those who long in this counter.
