I'd expect 5950 or so in April and then possibly 5350 April/May 2ns week time frame.
Back in Feb I sugested going long at 5600 - http://www.wolfewaveindia.com/2011/02/nifty_21.html
for a target of 5850..This was important if we had to see any bullish possibilities in future.
I've listed out the levels and the time frames that I anticipate over the coming months. Maybe this fall should be over by Oct / Nov time-frame or extend through March next year.
We've seen a breach of a very important support / trendline and we are about to test it - It's around the 5950-6000 range.
In 2007 The market took support at the 1st Fan Line - Currently we've seen a breach and upmove along this line. Will it hold?
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