Wednesday, May 7, 2014

Update on Nifty Spot

2nd corrective 1st leg has perhaps ended with g-leg failure at  6780.15 or 6743.45 and unless these two values are taken out today itself we may be in for an x-wave or b-leg of the 2nd corrective. If x-leg most likely it may restrict itself to 6619/6626, below which it may even fall towards 6530.   Friday late afternoon if it pulls back holding 6619/6626 it may even do a new high or closer from there.

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