A water drop pattern has been formed which could be a signal for downside reversal.
To get a confirmation that NIFTY would be heading towards 10551.29
The Red line should be taken as a support for the Journey of 10551.29
Those who are worried about moddys downgrade let me clarify, dow is trading at a retracemmenet level of 0.786 and nifty not even 0.618. And if you still feel the news is not factored in then you need to revisit your basics.
To get a confirmation that NIFTY would be heading towards 10551.29
The Red line should be taken as a support for the Journey of 10551.29
Those who are worried about moddys downgrade let me clarify, dow is trading at a retracemmenet level of 0.786 and nifty not even 0.618. And if you still feel the news is not factored in then you need to revisit your basics.
