Reference: 30 Min chart.
After the drop of 16 Aug 2010, the retracement was going on. Now it looks to be nearly completed.
Those who are LONG are advised to take a cautious approach.
If NIFTY futures sustains below 5427, it could be bad. It may even result in a drop which may overshoot 5350.
This view is not a confirmation but to give word a caution
Pl read the Disclaimer below.
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.
