A Suckers Rally in Nifty?Analysis on 29 May 2012
So Nifty has crossed the resistance of 4950 easily
But analysis of graph revela that it has all elements of a suckers rally
We do not for how long the rally will last and upto what levels.
And we will not try to short Nifty on this upsing
But lets wait and watch
Our mind is open
Views can change
Right Now Short Nifty Below 4915 only.
So Nifty has crossed the resistance of 4950 easily
But analysis of graph revela that it has all elements of a suckers rally
We do not for how long the rally will last and upto what levels.
And we will not try to short Nifty on this upsing
But lets wait and watch
Our mind is open
Views can change
Right Now Short Nifty Below 4915 only.
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