Thursday 2 May 2013

Nifty Page: 02-05-2013(EOD)

All expectations of a dip in the morning were dashed within first 5 minutes of market opening. And the bull run continued un-abated.
Tomorrow is a big event day and after crossing the (expected) resistance zone of 5945-5972 wolfe target becomes the next milestone:
Previously posted Chart dt. 29.04.2013 gets updated in following manner:


Also we come very close to 6040, the level suggested by Harmonics and previously  posted  Chart dt 26.4.2013


So the level to watch is 6040
If the RBI event leads to breach of 6040, 6194 and 6284 would become distinct probability.

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