While I worked out the container for a longer term horizon at Nifty 24 September 2013 : The container for some time to come, its the shorter term moves that will help a trader to make his moves in the market. In the current scenario, following possibilities emerge...
What needs to be wtched is 5798. While a visit beyond 5960 is almost certain now, if this rise does not make a new high, it will come down to go below 5854. If during this fall 5798 is held, the rise can be taken as z.c, if it breaches 5798, many more possibilities will surface. Divergence in hourly needs to be watched and if seen, must be traded.
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