Look at the deep red candle, formed on 27 Jan 2010, marked by "R". The rest of the price action is being formed within the body of this "R" candle. A Close above this "R" candle can take NIFTY to 5180 level comfortably. A failure to do so and a Close below this candle will lead to another debacle. What I expect is that NIFTY can go to a max of 4980-90 or Just "Scrape" 5000, and then sending it southwards. Of course all expectations need not be met. But looking at the tails of the candlestick, formed today, it looks to a weaker day internally, than Friday. …I am becoming restless to see the game tomorrow. It could be more interesting than watching an old time India-Pak one day match
Monday, February 1, 2010
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.


