AUTOMATED TRADING

AUTOMATED TRADING

27 August 2013

Market Update

In my previous update i gave you indication that nifty may fall upto 5170-5220 and may move towards 5500 level from there. But it moved little earlier and turned back now again. It seems that wave is extending. Now 5170-80 is important support zone along with 161.8% extension upto 5020 level of its previous wave (6229-5566). 5180 level is 61.8% retracement level of total rise from 4535 to 6229.
Lets See at what level it face hurdle. Trend is totaly bearish 5390 is the key level from where downside view will be changed for short term. I recommend dance till music is on.
Enjoy.



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