Tuesday, March 25, 2014

Update on Nifty Spot

Market is likely to attempt a close above 6600 by expiry. If we consider the move upto 6591.5 from 6481.35 i.e approx 110 points as a-leg after diametric-x, then the present corrective is the b-leg undergoing and thereafter c-leg will start. Only a break and close below the 0-x line can cause some worry, which is about 6515 or so this hour. Buy in Dips for expiry it seems. 

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