Saturday, October 6, 2012

Nifty Update !!!!!!!!!!

Dear All,
                    Because of Huge demand .....i am posting my view on Nifty .

Case 1. We Might have done  a very short term top out at 5815 Nifty spot levels today and in coming days will Hit 5581---5511 .

Case 2 .Nifty can attempt one more rise till 5825 --- 5860 Nifty spot before falling to 5581---5511 Levels .



Imp : As trend is Up i would advice to better wait till  5581--5511 levels to initiate Longs for up Side targets.


Short term trend intact untill we give a close below 5430 levels  .

Intermediate trend up till we close below 5215 levels  .


Thanks & Regards
Abhay Mehrotra

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