Wednesday, January 04, 2012

Nifty 4800 - 4860 range may pose strong resistance!

Nifty is rising impulsively. We may have completed wave 1-2-3-4 of this 5 wave upmove in wave {c} of (4). The target levels for wave 5 comes in the range of 4800 - 4860, once in this zone we can keep an eye for possible reversal patterns. Our ending diagonal scenario is valid till this range from 4800 - 4860 is respected. if we break out above this range then we will have to reconsider our preferred count.



  1. Good to see your posts on dedicated blog.
    Update everyday if possible.

    Krishna (Share Traders)

  2. Looks like it will be breached in a day or two 4733 hold the key

  3. @IndianMarket thanks for the support.

    @STOCKSWING yes I also believe 4725 to be a critical for this upmove to continue.


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