My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
Wednesday, October 28, 2009
Nifty PreMarket view.
Previous top @ 4727-4744 seem to be a temperory support for a relief rally which might be tested either today or tomorrow. There are other supports like 4786(First pause after the break out past 4727-4744) and 4813 -13 week avg.
My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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1 comment:
4784.1 low made on nifty sir, excellent stuff. Though it can be shorted on the higher side around discussed 4860 zone.
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