Monday, May 10, 2010

Nifty and my imaginary Fib Fan

I have drawn my imaginary Fib Fans to know if there could be any possibilities of any bounce back. I must admit I may be biased in concluding that 4840 may provide the magical support level.
Nifty may try sideways before taking a quick dip up to 4840 and start moving northwards.
I see Nifty in consolidation since Oct 2009, and on a verge of mega bull run

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