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  #21 (permalink)  
Old 16-03-2009, 10:06 AM
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retracing from 2729.80 this should not go below 2724.70 as per earlier base in 1 min.
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  #22 (permalink)  
Old 16-03-2009, 10:07 AM
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Found a support at 2715.95.
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  #23 (permalink)  
Old 16-03-2009, 10:09 AM
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3rd time High broken Now to watch care fully at opening normaly after 3rd High br it retraces.
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  #24 (permalink)  
Old 16-03-2009, 10:12 AM
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The initial Impulse is over now the correction part.
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  #25 (permalink)  
Old 16-03-2009, 10:14 AM
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2724 was the max this correction gave ,watching keenly this phase.
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  #26 (permalink)  
Old 16-03-2009, 10:16 AM
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Short from 2724 SL 2726.55
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  #27 (permalink)  
Old 16-03-2009, 10:22 AM
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covered 50 % @ 2716.65
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  #28 (permalink)  
Old 16-03-2009, 10:25 AM
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Till now 2 things helped me:=

1) To identify the Corrective phase.

2) Normaly in initial phase rarely 4th Time High breaks.
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  #29 (permalink)  
Old 16-03-2009, 10:26 AM
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Nifty Futures Live


Earlier close also giving Support.
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  #30 (permalink)  
Old 16-03-2009, 10:30 AM
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As the 3rd up swing (in 1 min PIB) was upto 2718.55 ,hence bringing down SL to 2720.05
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