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Monday, November 11, 2013

Nifty....S...6123/6113/6079...R...6149/6158/6177


As said 80% retracement of last rise (6079 to 6343) breaks (6132).Weekly close is below WEEKLY 5 EMA (6143).Now 6079 is cricial.But we have to see now that the rally from 5701 to 6343 will get corrected. 50% and 61.8% of this earlier leg comes at 6022/5946. Global clues may effect for INTRA WEEK RALLY, that might be opportunity to take short again.