Wednesday, October 19, 2011

Nifty Update

Posting an updated chart

We may head towards 5300 before any fall down. and from an extended pespective it could also head to 5451 which is 161% of 5160 to 4700

5300 is the Blue Trendline of the Head And Shoulder connecting bottoms and 5451 co-insides with the upper trendline

Notice the sloping trendline coming from the top - this will offer STRONG resistance - If you are looking to short these would be your levels