Thursday, November 18, 2010

NIFTY


as i said yesterday-- it may be ABC patten which is corrective pattern after impulse wave

but according to MACD-- nifty may touch 6400 levels soon so if it is possible then the recent fall will be the 4th wave as i indicate in above chart . so i am not sure which pattern will be create but after all we may see some pull back from lower level ( 6150)