NIFTY IS EXACTLY PLACED AT 61.8% RETRACEMENT OF THE ENTIRE RALLY WHICH STARTED ON 30.05.10 WITH A NIFTY LOW OF 4786.45 TO 07.11.10 NIFTY HIGH OF 6338.50. 61.8% RETRACEMENT COMES TO 5378.34 AND NIFTY MADE A LOW OF 5369.05. WE THINK NIFTY WILL HOLD THIS LEVEL + - 50POINTS.
WE SUGGEST THAT BRAVE-HEART TRADERS CAN BUY NIFTY AT CURRENT LEVELS OF 5395 WITH A STOPLOSS OF 5100(LAST RETRACEMENT OF 78.6%) FOR TARGET OF 5750, 5888, 6023, 6149 AND 6328 (3-6 MTHS).
WE SUGGEST THAT BRAVE-HEART TRADERS CAN BUY NIFTY AT CURRENT LEVELS OF 5395 WITH A STOPLOSS OF 5100(LAST RETRACEMENT OF 78.6%) FOR TARGET OF 5750, 5888, 6023, 6149 AND 6328 (3-6 MTHS).