Friday 21 September 2012

Market reverse and on the way to 5th wave

As per expectation given in the last chart, market open the gap up and started its 5th wave on the upside. if we SGX nifty chart, its made bottom 5529 on 5min chart and reverse from there on the upside.

How long is this upside? not sure as of now but tgt looks as of now 5704/5730/5820...

Please note that this is the last wave up as per the bearish view in mind ...and market will reverse from that target to down towards 5200/4050 as an impulsive move.

Lets wait and watch!!!
Happy trading!!!