Nifty where is it heading now ???

By | July 15, 2009


Nifty today touched the trend line ogf HnS closed above it 50 MA 13 EMA so looks like bulls are back on the street.

Were confirmation will still require more evidence as i am still not convinced with this run.

the upper band of channel is around 4320 as seen in charts and lower band is near 3920 so we are in trading range as of now between bot the levels.Support around 4180 now.

Well as per EW we can fall in D wave of correction in zig zag manner.

Lets see if HnS fails and we rally till 4500 or we start correcting from tomorrow or day after??

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