Nifty Weekly Elliott wave Gann Analysis

As discussed in previous report that intraday support at 8145-8130 and Positional

Resistance at 8270.Nifty made low of 8162 and high of 8265 on Friday.

On 31st report  i have mentioned that 8320-8327 may act as PRZ(Potential Reversal Zone)

click here to see 31st Report.Nifty made high of 8294 and reverse.

Now intraday support at 8145-8130 and Resistance at 8210.

Positional Support at 8100-8090/8047 and Resistance at 8270.

As per Elliott wave Analysis,ongoing correction may be wave 4 and Nifty may consolidate

before Next Move.Good News that Nifty consolidate before PRZ,

as Nifty accumulate energy to cross PRZ(8320-8327) and Zoom Target(?) .

BankNifty>>>

BankNifty support at 17750/17650/17600 and Resistance at 18900/18000.


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