Thursday, December 27, 2012

NIFTY UPDATE:

Good Morning Friends :
NIFTY UPDATE :  Still the correction(a-b-c) from 5965 is not yet over ,its look like that b is doing triangle, break down point is 5860 which leads to 5740,now if a=c than NIFTY will reach 5797 and if it will extend(c=a*1.618) than it can reach 5709, the 50 % retracement from 5549 to 5965 is at 5757 and 61.8% retracement is at 5707 ,and the trend line support is also at 5707 , so take ur decision accordingly .
HAPPY TRADING (R.K)

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