From 6314 to 5362, a 161% range extension gave us a target of 4762 which we achieved.
Ideal scenario will be a test of 5362 region and then failure to overcome this supply zone will open the
next target of 261% ( 3786) ...!
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Friday, September 16, 2011
From 6314 to 5362, a 161% range extension gave us a target of 4762 which we achieved.
Ideal scenario will be a test of 5362 region and then failure to overcome this supply zone will open the
next target of 261% ( 3786) ...!
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3 comments:
NAHI JATEE.
so if 5362 dont achieve with vollume longs must be liquidate for tgt 3750 am I right bro
We are ending a volatile phase of the market's down move and hopefully we can expect some calm. With so much protection seen on the down side, it'll be tough for the market to fall much from here.
My gut feeling is, we will see a lot of optimism once 5170 is broken and then near 5300, we will see people talking of 5500-6000 again. That is when we can expect some serious selling resuming.
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