Friday, December 5, 2014

A SHORT TERM DOUBLE TOP ON NIFTY CHART

Our Markets Are At All Time Highs But Very Recent Observation Of NIFTY CHARTS Suggested That we May Witness A Sharp Reaction Respecting The BROADENING PATTERN Shown on NIFTY Chart

As on Today We can See A Short Term DOUBLE TOP In Place On Nifty Chart

Another Observation is That At Two Points Two Different Technical Supports (LOWs & GAP) Matches With Two Different Fibonacci Retracement Levels This Gives Another Indication That We May Have A Short Term TOP In Place

A Very Clear Indication of a Further Sharp Correction Will Come On A NIFTY Close Below 8411

First Two Important Sectors That Are Facing Some SELL OFF Are Pharma And It

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