Dear All###
Most of us may be bit irritating about the recent Nifty 50 move,every two
day and third day we have to reverse the trade.Ok this is the complex correction
or time correction in nature.I have mentioned in my earlier 6th May weekly
review that market undertone is bullish as Nifty 50 touch and close above
7965.In Earlier post i said that question is that Nifty 50 reverse before 7500 or 7250.
Now above 7965 Next Range target open will be from 8325-8650.
Now today Nifty 50 unable to close below 7790.So Gann support at 7760
and Gann cluster Resistance at 7860-7880-7890 & PRZ 7965.
As per Elliot wave above 7915,you may see short covering rally upto 7965
and above 7965 new buying emerge.
Most of us may be bit irritating about the recent Nifty 50 move,every two
day and third day we have to reverse the trade.Ok this is the complex correction
or time correction in nature.I have mentioned in my earlier 6th May weekly
review that market undertone is bullish as Nifty 50 touch and close above
7965.In Earlier post i said that question is that Nifty 50 reverse before 7500 or 7250.
Now above 7965 Next Range target open will be from 8325-8650.
Now today Nifty 50 unable to close below 7790.So Gann support at 7760
and Gann cluster Resistance at 7860-7880-7890 & PRZ 7965.
As per Elliot wave above 7915,you may see short covering rally upto 7965
and above 7965 new buying emerge.
Nifty 50 Hourly Probable Elliott wave count
Note-Educaational Purpose only,Read Disclaimer
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