Thursday, March 13, 2014

Nifty Spot Intraday Update

First corrective a-b-c inside second higher level corrective [a]-leg got over already.  Presently we may be in an x-wave thereafter. Nifty Trading in a range therafter. Breakout or breakdown above or below this range will throw more light in Nifty's planned future moves. The trendline supports are clearly there, holding them will ensure continuation of the uptrend.  Since the introduction of VIX future trading there has been extremely high volatility in Nifty, don't know if it would be good for the small traders.  Trade the levels, charts can adjust.



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