i will like to draw attention about some technical nos.
if we consider last intermediate tops and bottoms made, we made last intermediate bottom of 15748 , before that we made intermediate top of 18524. we have seen apprx 75% retracement since top of 21109 no of times . 75% retracement zone comes around 17830. more over if we draw a trendline connecting tops of 21109 and 18524 next resistance zone comes around 17800.
we have closed above 17500 today.so i feel gradually we should book some profits and generate cash levels when we are near 17800.equivalent zone in nifty may be around 5400.......
