29 SEP, HIT THE BULL KILLER

• HI friends , yesterday the moment our white channel got breached i gave a warning on the board and nifty nose dived 60 points from there
• For today expect a tug of war to win over the the green channel in the above 15 min chart...if bulls manage to close above 4957 for one 15 min candle then bear can start running to the caves ...why? lets see..

• Now lets interpolate this chart......wow wow..this green channel upper line is the offshoot of 5169-5140 resistance line...that is why our cluster of resistances mentioned yesterday banged the nifty back from 5005...so bulls need to take over this line to keep their dream alive of conquering 5200
• Coming to the trade today...the wave from 5005-4921 retraced till 5064 now it will extend to max 4873 being 1.62 extension...the lower line of green channel is also meeting that point..4880 is the 50% retracement level ..and 4873 is an important intraday support on basis of pivote analysis...
• so these two channel line are ur guides 2day along with indicators mentioned....good luck