November 10, 2009

Nifty View 11/11 + Chart

Every one will feel happy as their projected move happen in markets. As a small trader, i am very happy on the move happening for past few days.

I will now present you one more chart with projected target placed.





Here i took Fibbo retrace from 4534 to 4947. By presenting the chart here, the projected targets are not only based on Fibbo, i am using other source of indicators like RSI and more. So this time i expect a correction till 4786 and from the the second leg of bounce will happen, which will take Nifty above 5000 mark again.


Note: The above given levels are Nifty nov future levels.

Heat Map

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