nifty view 29 june 2012

NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED

==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)

==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE

==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER