Nifty Closed At 7626.85 on 11-6-2014.
Nifty gave down correction today on closing basis but it is still above the important point of 7621 for the week,so if it trades below 7621 on 12-6-14 then it may go down to the level of 7563,the deep correction can only be triggered if it breaks this point and stays, if it does then it can take nifty down to 7450 level,if it closes above 7656.40 on 12-6-14 then it can be assumed that the down correction is complete on closing basis as of now, intra day swings could be there,so trade cautiously.
REMARKS:- I feel that the nifty will complete the down correction on closing basis either today or tomorrow and will resume its up move,however intra day correction will always be there ,so keep a watch on these level of 7621 / 7563 for this week.
Nifty gave down correction today on closing basis but it is still above the important point of 7621 for the week,so if it trades below 7621 on 12-6-14 then it may go down to the level of 7563,the deep correction can only be triggered if it breaks this point and stays, if it does then it can take nifty down to 7450 level,if it closes above 7656.40 on 12-6-14 then it can be assumed that the down correction is complete on closing basis as of now, intra day swings could be there,so trade cautiously.
REMARKS:- I feel that the nifty will complete the down correction on closing basis either today or tomorrow and will resume its up move,however intra day correction will always be there ,so keep a watch on these level of 7621 / 7563 for this week.
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