Dear All###
On 17th may post support was 7810 and Nifty 50 taken support from 7810
and in yesterday post support was 7760 and today Nifty 50 taken support
from 7767 differ by 7 points.This the Real case study of HARMONIC MOTION.
Ok i said that 7760 should act as strong support for bulls.Nifty is now near
cluster support of 7760-7730.Once closed below that support,Nifty may heading
towards 7610-7520.Nifty Resistance is at 7890(2nd PRZ).
PRZ-Potential Reversal Zone.
NIfty>>
Note-Educational Purpose Only.Read Disclaimer.
On 17th may post support was 7810 and Nifty 50 taken support from 7810
and in yesterday post support was 7760 and today Nifty 50 taken support
from 7767 differ by 7 points.This the Real case study of HARMONIC MOTION.
Ok i said that 7760 should act as strong support for bulls.Nifty is now near
cluster support of 7760-7730.Once closed below that support,Nifty may heading
towards 7610-7520.Nifty Resistance is at 7890(2nd PRZ).
PRZ-Potential Reversal Zone.
NIfty>>
Waiting for break of 7760-30 so that trend aligns down side in all time frames.
ReplyDeleteWaiting for break of 7760-30 so that trend aligns down side in all time frames. Traders are saved from whipsaws.
ReplyDeleteAs in my earlier post i said nifty's undertone is bullish.So even if nifty close below 7730,we may not expect 7250-7000 imeediate.As per Gann analysis 7600 is the 1st cluster support area.I will surprise if Nifty touch 7250.Stay connected Positive feedback and constructive criticism are most welcome.stay connected.Read Disclaimer.
DeleteI am trying to forecast the market with High low Price action only without using any indicators like RSI,MACD,MA etc.So may have some drawbacks, for all you who uses the indicator based.Use these support and Resistance for your knowledge.Use your own decisions and Read Disclaimer.
ReplyDelete