WE HAVE SEEN TRIPPLE TOPS IN NIFTY AROUND 5180.WHICH IS A BEARISH SIGN TILL WE CROSS 5180 ZONE DECISIVELY.
I HAD GIVEN SENSEX OPTIONS ON 27.11.2009. IF WE ARE ON BULLISH TREND AS PER THAT CHART WE MUST SEE A BREAK
OUT FROM TRIANGLE WHICH IS SHOWN IN ATTACHED CHART.TODAY WE REVERSED JUST FROM THAT TREND LINE.
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UPDATE AS ON 16.12.09 10.52 AM
WE R VERY CLOSE TO LOWER TRENDLINE OF TRIANGLE WHICH IS A FIRST SUPPORT AREA.
MORE OVER 50% OF LAST RISE FROM 16210 TO 17361 IS 16786. SIMILAR SUPPORT IN NIFTY IS ARND 4995.
