Nifty view for 14-05-2013

As expected upmove gets completed at 6115...
Now Nifty started new down wave which can be short term down as daily macd issued sell..
Till daily macd attains zero this downmove will continue (if short term).... Long term can be confirmed as breaching certain levels...

Nifty 3 mins chart shows down move from 6115...
Down move seems extended in iiird so expecting some more downside...

Upmove is currently restricted not beyond 6020-30 levels...
Going above 6030, it can move upto 6066....

But this downmove will likely to test 5640-80 levels in coming days (Back test)