Saturday, March 9, 2013



Nifty Made a low of 5660 levels and pulled back after forming a Doji at lower levels.Now it retraced to the level of 61.8% retracement and closed above it.It also seems to be the Upper edge of the down ward channel. Now market may consolidate to the levels of 5850/5820 levels to where it may find support.

For now Nifty may correct to the levels of 5850/5820 before a strong up move towards 6190/6230.

Nifty seems to be moving in an upward channel making the higher lows and higher highs.
Nifty seems to be making a new high of 6190 soon.

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