Today's guiding light would be this channel:
And this c is quite capable of going upto 5335.
Pl co-relate with yesterday's EOD post:
Nifty Page:23.8.2012
10.30 AM
A look at TL and channel(5 min line chart):
Although a 3 wave downmove got completed but whether the downmove is over or this 3 wave may get enlarged to a 5 wave was not indicated.
Booked out of my shorts at pre-determined channel's low point.
Did not take any position in Nifty but went long in Hindalco.
And this c is quite capable of going upto 5335.
Pl co-relate with yesterday's EOD post:
Nifty Page:23.8.2012
10.30 AM
A look at TL and channel(5 min line chart):
Although a 3 wave downmove got completed but whether the downmove is over or this 3 wave may get enlarged to a 5 wave was not indicated.
Booked out of my shorts at pre-determined channel's low point.
Did not take any position in Nifty but went long in Hindalco.
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