nifty behaved same way as we have expressed in our last 2 week back report .
after inner dip ..4750 to 4650..consucutive 5 days down..nifty given sucess full breakout .
nifty achvied our target 4850-area...and today 4900 strong closing sugessest c up wave still extending...and time period too extended
and will be some what +ve biased up to 5000 level...not much..
.uperside each and every level nifty will face resistence......uperside need catuious..
let first motion line turn down.. then keep short positon open
our previous analysis remain valid for longer time period..
(this markt has no much potential for longer term)
after inner dip ..4750 to 4650..consucutive 5 days down..nifty given sucess full breakout .
nifty achvied our target 4850-area...and today 4900 strong closing sugessest c up wave still extending...and time period too extended
and will be some what +ve biased up to 5000 level...not much..
.uperside each and every level nifty will face resistence......uperside need catuious..
let first motion line turn down.. then keep short positon open
our previous analysis remain valid for longer time period..
(this markt has no much potential for longer term)
