I was a little bearish(i know ,i wasnt that sure too!!!!!)..but throughout the day..nifty fluctuated heavily between the levels 4692--4570 given here ,pre market.(the actual high was 4693,low was 4567),,so yet again respecting my levels and Sensex reaching my 1 target given a few days back..precise to the points...it was 15600..and viewers might remember, the chart of sensex in which i mentioned resistance zone with a big red arrow...and above all i picked up the probable reversal pattern..the EXPANDING TRIANGLE a few posts above.
so all in all...a good correction from the highs..and closing in the red suggests initiation of weakness.
on 7th june i wrote here this
""It is entirely possible that from strong resistance areas of around 15600--16200..we may see a strong pullback...before the long dull phase.""
today sensex touched 15600 and pulled back.
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