Nifty has retraced 68.2% @5797, of the fall from 6181 to 5177.A close above 5797 will only add more strength to the bull, with expiry day arriving, current upmove should not end without adding more pains to the bears camp.
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| FIBONACCI RETRACEMENT AND CHANNEL TOP |
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| NIFTY GARTLEY |
In the second chart is shown the prices taking a pause at the bottom of the price range of the Gartley pattern.A good news for the bears is that the pattern will be completed on Wednesday but not before taking every single bear out of trade.
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Bajaj Electricals Ltd is trading at Rs 396, up by Rs 3.05 or 0.78% from its previous closing of Rs 392.95 on the BSE.
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