Thursday, July 11, 2013

Nifty Chart

Position : Nil

Nifty exactly holding the trend support 5800 yesterday, bounce back from 78.6%
of the swing 6229-5477.  So it will retest 38.2%,  What i posted the expected
move on 9th July.

Once close above 5950 then short covering up to 6050+, another 100 points
Hourly indicators are in over bought zone,  expected move in intraday may be sideways
after huge gap up, minimum target up to 38.2%.


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