Tuesday, 21 May 2013

Nifty Page: 21-05-2013(EOD)

Yesterday's Channels:

Today's Update:
Thus not only are we testing the first channels low, but also today's price action has formed a Wolfe-wave that would get activated above 6125
So best trade for tomorrow morning seems to be creating longs above 6125 for taget of 6185+ with Stop-loss at 6103.

However,if we open with a gap-down then chances of this Wolfe getting activated would become minimal and 6070-6040 should be targetted


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