Tuesday, September 28, 2010
Up or Down????
1 to 5 waves complete, where 1st wave length and 5th wave length is almost equal..
But nifty can move further up..
If nifty can mange to close above 6100 today, then 6300+ can see this month..
Or if nifty will close below 6000 or 5970, then more deep correction will ahead.
So as of now we are in a 50--50 kind of situation..Movement will decide in 2nd chart..
Nifty needs to stay above these two green line for two hours for further up move..
Other wise down side black bar will give support..Any break below black line(closing basis) will creat more deep correction.
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