Thursday, June 14, 2012

Nifty analysis!!!!!



Market today was choppy in few trading hours and after Inflation data the market
started a downside rally.
Market made a low of 5047 and closed at 5054 (23.6%  Fibonacci Retracement)
If market sustain this level then downside is yet possible in the market till 5010-20
levels.
The support of trendline which was near 5060 was breached and closing was below support
level.
Market seems to continue the downtrend tomorrow and level of 5010-20 can be seen in the
market.

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