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Sunday, 4 May 2014

NIFTY analysis forecast for 5 May 2014 - update 1


This is update to last report for 5 May 2014 Nifty forecast.

If Nifty's attempt to get past 6758 fails on 5th May 2014 and also on 6th May 2014, then it will fall sharply this week towards 6580.

We will wait for tomorrow to see how 6758 is handled. If we find any hesitation near 6758, we will short with 50 points stop loss.

Anjum S Khan