Thursday, July 19, 2012

Nifty -Change in Trend

By falling below the impulsive trend line Nifty has entered a corrective move. 5170 could well mark the culmination of ( a) and the beginning of ( b). Since this phase has to consume time, whiplashes may be common.And Mercury is Retro. So most markets will not reach their line  of support or resistance but may turn before that.

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