Nifty slipped below 5136 today but its possibility was updated in following topic on 15-04-2012
"Lower Tops and Lower Bottoms Formation In On Going Correction"
Just click above topic link and understand the technical reasons of slipping below 5136.
Although market is almost 2% down today and also trading below 200 Day SMA also but expected that Nifty will get support between 5050-5100 and now rally will start after completion of all corrections.
As intraday patterns are showing consolidation pstterns also therefore support getting ia expected between 5050-5100.
"Lower Tops and Lower Bottoms Formation In On Going Correction"
Just click above topic link and understand the technical reasons of slipping below 5136.
As intraday patterns are showing consolidation pstterns also therefore support getting ia expected between 5050-5100.