Friday, September 6, 2013

Nifty Topout @ 5700 - 5720 a-b-c Pattern formation. Expacted Target 4700 in near term


Nifty looking at the chart is making a formation of A-B - C where point C has retraced by 61.8% retracement of A-B, if this resistance of 5720 is holding then will give a good reversal in market where on lower side 100% expansiion which comes to 4700 is expected to test soon in near term.

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