Friday, February 23, 2007

Nifty Extreme drop to downside can the bulls hold the rising channel??



Threat of a fresh swing down
Watch the rising channel might offer temporary support
or permanent?? just in case this is a running correction
supports for next week= 3910/3860/3833
Resistances 3965/3990/4040/4084

Bullish consequences of holding 3860 = test of up to 4080
Bearish consequences of breaking 3816/3833 = 3750-3656-3630