How I see NF going forward............... You have to be extremely careful in the ZONE marked between 61.8 and 78.6% retracement of the entire RISE/FALL from 20200 odd to 18846 odd. I would be cautious at even getting to 61.8% retracement. This does not mean by any standards that Nifty will not go up further...................... BUT......The POSSIBILITY of an AB exists to make a Lower LOW below 18846 , so be careful. Its is better to Loose a few hundred points than be caught on the Wrong foot for a few thousand points. CAUTION
Comment:
BIG BOYS are BUYING AT DIPS............ 19385 was todays BUY AREA....... and we will close at Highs....... Likely another LONG day tomorrow