NIFTY OUTLOOK

>> Monday, July 19, 2010

We can not get more narrower than this,
nifty is simply stuck in a range waiting for a push,
but uncertainly persists as there evolving a scenario
favoring equally bull and bear,
5453 proved to be a 5th completed zone
and 5453-5363
is a 5 wave down move on the shorter time frame.
So upside breakout to negate the 5 wave down move
will occur above 5435 zone.
Intraday support lies at 5370/65,
below which it can certainly reach
5330-5310 zone deciding further move.
5260/70 is key to trend reversal.

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