==>> Nifty chart suggests definate correction

Yesterdays Nifty chart suggests that tthere will be definately some correction. In the last few blogs i had commented that the mkts will see some correction. Nifty will fall down to 3335 levels and it did. The week after that the markets witnessed good rally and the Nifty again rallied to make a high of 3517 and closed at 3470. There is good selling pressure at the 3500 levels. In the past 2 weeks, Nifty tried to close above 3500 levels, but was unsuccessful in doing that. Yesterday Nifty made a high of 3417. Nifty made a double top pattern in the chart. We will see some correction in the near future. Keep ur position light, I hope in the past also, on acting on my comment or advice, readers might have definately booked their long position, and might have got the opportunity to buy at the lower prices, as mentioned, there will be an opportunity to buy. This time also its the can case and those who have again bought at the lower prices may book profits again. Nifty will fall down, as there is a double top formation in the pattern.