AS expected ,markets did realy bounced back sharpy,following global cues...but readers must take note that levels for sensex and nifty as support and targets were posted here, a few days back..yesterday i noticed a WEDGE like pattern in nifty and its bottom was exactly at my support level, so my blogs readers shuldnt get surprised with this move.
for a DAY OR TWO,, NIFTY should not go and sustain below 4140...and if it consolidates in the zone of 4145-4040...there will be good chance of another bounce back,,,or if much stronger it becomes..than it should give a close above 4145--4160 tomorrow..than we can expect nifty to touch 4201-17 and 4263-67 levels.
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