Wednesday, May 8, 2013

Nifty By Harsh

Nifty might be forming Contracting Triangle from 4531..

Currently it looks to be in "E" leg of the CT.. Of which 'a' might have been over & Index is likely to correct to 5870 in 'b' leg; before Rallying further to 6289 in final 'c' leg of "E" of Contracting triangle..

Provided this scenario comes true Nifty is likely to sell off badly after it achieves CT tgt of 6289..