Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, February 10, 2009

analysis for 11th february

the nifty rallied upto 2957 almost the 61.8% retracement (of fall from 3147 to 2661 ) which is at 2961. it retraced to 2891 levels which is the neckline of the inverted head and shoulders pattern in classic text book fashion and recovered smartly towards the end. tomorrow the nifty should continue its upward journey towards it s target of 3000 and then 3100 as discussed in the previous post. the upmove will be under threat only if the neckline is decisively broken

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