AUTOMATED TRADING

AUTOMATED TRADING

22 October 2012

MONDAY PRE MARKET UPDATE

In my earlier post I mention that nifty may go towards 5800 level but failure of that up side rally created new small wave. It seems that it has formed C wave  in 4th wave. If this is C wave then It should fall upto 5586 or 5530 . Market went to 5721 in Thursday session and fail to go above 5725. If this time nifty break 5633 5645 level it will confirm the further down move till 5586 or 5530. If this is still B wave then once more it will go to 5757-5775 and will fall to 5530.
down trend will be clear if 5630 break today or till tomorrow.
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