Each and everyday a lot of views are being aired every where about future path of Nifty....
Every one is talking about Euro Crisis, Double dip recession, etc etc....
Where does Nifty stands now???
What Elliot waves say???
What trends say??
Nifty After peaking at 6340 (formed perfect double top- first top on 11 Jan 08)
and started its downward journey gave a break out on 02 Feb 2012.
After consolidating for nearly 4 months, its started its upward journey again......
As of now, Nifty is having strong support at 5165.
Below is the weekly chart of Nifty. See the way it is respecting the trend till now
Will it respect its trend???
Your comments please!!!!!!!!!
Every one is talking about Euro Crisis, Double dip recession, etc etc....
Where does Nifty stands now???
What Elliot waves say???
What trends say??
Nifty After peaking at 6340 (formed perfect double top- first top on 11 Jan 08)
and started its downward journey gave a break out on 02 Feb 2012.
After consolidating for nearly 4 months, its started its upward journey again......
As of now, Nifty is having strong support at 5165.
Below is the weekly chart of Nifty. See the way it is respecting the trend till now
Will it respect its trend???
Your comments please!!!!!!!!!
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