As discussed in earlier weekly report that Nifty should respect 8460/8470 hold
the breakout upper level 8460 for upside.
Again discussed that if the above is not holds good then from balance point
8625-8640 nifty to and fro.Nifty achieved our 1st target 8590 and previous balance
point 8510(Nifty low made 8518).Nifty taken support before our previous Balance
point 8510 and Bounce to closed above recent balance point 8640.
What Next???
As Nifty closed above the Balance point 8625-8640 then upper side immediate
Resistance at 8710-8750.
To complete harmonic pattern above 8710 Nifty may touch 8880. Consecutive trade
Below 8625 nifty may drag to 8460/8470.
Resistance-8850/8880-8950
Support-8610/8590
Note-This above is my personal view for educational purpose only.Read Disclaimer.
the breakout upper level 8460 for upside.
Again discussed that if the above is not holds good then from balance point
8625-8640 nifty to and fro.Nifty achieved our 1st target 8590 and previous balance
point 8510(Nifty low made 8518).Nifty taken support before our previous Balance
point 8510 and Bounce to closed above recent balance point 8640.
What Next???
As Nifty closed above the Balance point 8625-8640 then upper side immediate
Resistance at 8710-8750.
To complete harmonic pattern above 8710 Nifty may touch 8880. Consecutive trade
Below 8625 nifty may drag to 8460/8470.
Resistance-8850/8880-8950
Support-8610/8590
Note-This above is my personal view for educational purpose only.Read Disclaimer.
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