Sunday, December 19, 2010

Heading North but how long?


Probably NIFTY is looking to test6150.

In the chart, first it took support at"A". Now, after a whipsaw, it has closed above "B". Now, it looks to be heading towards "C", which is approx at 6150. Whether it will close above it this week? We need to see. If not, I smell danger there...We will see next week.

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