Wednesday 7 December 2011

8 Dec

NiftyFuture 5086
Stop and Reverse SAR 4965.
Trend Reversal Down below 4965.
Resistance
5130
Support
5040
HappyTrading
So far maintained, Higher Bull Orbits Everyday, after forming DoubleBottom @4630 !
Now Whether the Downtrend resumes from 0.618 retracement [5140] remains to be seen!
If the nifty closes below 5000, then Bears will show the strength towards 4450 [positional]! 
Nifty has to cross & close above 5400 to  negate the Entire Bearish Scenario !
Till then this is Bear Market Rally only ! 

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