we continued with upmove today also with very good broad based participation. we reached to 14300 very close to target of 14400 given yesterday.
i give herewith some levles:-
NECK LINE RESISATNCE AT NECKL INE FOR TOMORROW JUST ABOVE 14400
61.8% RETRACEMENT OF FALL FROM 15098 TO 13220 AT 14381
50 % RETRACEMENT OF FALL FROM 15600 TO 13220 AT 14410
FALLING WEDGE TARGET NEAR 14400 ALREADY GIVEN YESTERDAY.
we have moved up by more than 1000 points in this upmove. it may be advisable to book profits around this zone and watch market from side lines. it is quite possible that we may see consolidation in large cap and can see continuation in mid cap stocks.
if we can cross this zone decisively then we will discuss bullish views, till then we r treating this upmove as a pull back.
