Dear All###
As discussed in 5th June Weekly report click here that 6th,7th is the potential Reversal
Day and intraday support at 8190-8145 positional support at 8100/8090.
On 7th June Report click here mentioned that 8320-8327 may act as
PRZ(Potential Reversal Zone).
On 6th June Nifty High made 8294 and not penetrate our PRZ.
Nifty is hovering around that support line for last 8-10 trading session and almost
respect the 8100/8090 positional level on EOD basis.
I have decided not use any news for panic and set of leading/lagging Technical
Indicators i.e. RSI/MACD/MA etc to confusion in Analysis Report.
So i rely only upon Pure Price action Analysis and Basic Geometry.
So What Next???
Now Nifty intraday support at 8130/8100 and Positional Support at 8050/8030-8000.
Nifty Resistance at 8250.
consecutive EOD closing Below 8030/8000 may open for Next round of Harmonic
motion.Wait for Nifty to close below 8030/8000, as it may act as Potential Support.
Note-Educational Purpose only.Read Disclaimer.
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