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ya ur right about 3 points on downside but wht abt 8 points of u have considered on the up side (5310 -5318)
please clarify on that also
Thnx Ritesh for pointing that out U are right but 3 points whip saw we can consider
Sir,
you have taken retracement from 5318 to 4535 which i think is not correct as nifty never reached 5318 at that point and low point wa not 4535 .
correct retracement should have been 5310 (6th jan 2010) to 4538 (3rd nov 2009)
correct me if i am wrong
Thx
Ritesh