Tuesday, June 26, 2012

Nifty seems to be range bound between 5000 - 5200

It has to break this range upwards, this week for a positive move. If it fails to break then there could be a danger of falling deeper. This consolidation will bring up all the averages and it could provide a strong push for Nifty to break upwards. Being a settlement week, there could be more volatility ahead.

Nifty Elliott wave analysis hourly chart:

Nifty Elliott wave analysis 5 min chart:

Nifty pivot table:

No comments:

Post a Comment