Tuesday, November 20, 2012

nifty future prediction

nifty at its trendline support 5550.
if this level breaks on closing basis, nifty can come down upto 5484 (100 ema) & 5450 (previous resistance which was broken on 14th sept.) 5572 is 23.6% fibo.line & if it breaks 5420 is 38.2% fibonacci level.. there is a rule in stock market : strong trending market alwes take supports at 38.2% fibonacci level. lets see what happens...