Tuesday, July 7, 2009

Undecided Congestion

NIFTY has formed a congestion region (Circled) today, which could be a continuation pattern. A retrace to 4275 region cannot be ruled out. However the negative trend in the higher level charts still remain.

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES