As SGX nifty is trading at 4095 nifty will be in downtrend with channel as shown in chart.
''We expect the Sensex to repeatedly touch both extremes of the 13,000-16,000 band in the next six months. At each extreme, investors should prepare portfolios for a market move to the other''...Credit Suisse
pl. read http://www.stateofthemarket.net/tradingnotes.htm
-jignesh
