Nifty is Trading below upper trend line ...the falling channel maintained since Dec 2010 . if price will break channel then we will see new highs, if not then channel is there ...it will trade in channel ..
5168 is crucial level ..if trades above it and TL stay long with sl of 5145 closing basis
here it may consolidate ...may retrace ...but a pause in move is technical requirement ...
please refer http://dhanvarshagrp.blogspot.com/2011/12/market-may-trade-in-5400-5800-range-in.html
Fib retracement levels
5168 is crucial level ..if trades above it and TL stay long with sl of 5145 closing basis
here it may consolidate ...may retrace ...but a pause in move is technical requirement ...
please refer http://dhanvarshagrp.blogspot.com/2011/12/market-may-trade-in-5400-5800-range-in.html
Fib retracement levels
