Thursday, February 18, 2010

One more Pull back ?

NIFTY is still within the pattern, refusing to gain downward velocity. We might see another pull back, if "T" is broken convincingly. It will have a potential to come " Close" to 5000.

We will re-analyze the situation then.

 

On the other hand, if NIFTY still hovering within the pattern, caution bell should ring.

 

  

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