March 31, 2011

Nifty Daily Analysis

  • Nifty Fibonacci chart shows price crossing 50% level. If week closes above this level we may see nifty moving towards the Golden ratio at 5894. Having said that one has to take a look at the second chart. Nifty during the fall shown on the second chart has made a consolidation during the middle of the fall. But the bulls are yet to consolidate they are doing a faster retrace of the fall. But i am expecting a consolidation to happen soon.

1 comment:

  1. hi san gm....if nifty were to correct from 5900 odd lvls...assuming the present wave to be the far can it correct for the fourth...kindly clarify..