Nifty Surgical Strike Reversal Zone

Is it surgical strike of Nifty with more than 10lac Cr transaction on Expiry?

It is the second surgical strike of Nifty after Brexit within 4 Months.

No it was with same line and which justified of Harmonic Motion of action and Reaction.

As per previous report target of 8880 and 8950 achieved after that reaction upto 8560.

Told in previous report for cautious  as Nifty approached the PRZ(Potential Reversal Zone).

What Next???

Now major support at 8510-8530.

Nifty approaching PRZ(Potential Reversal Zone) of 8470.

BankNifty already touched the PRZ of 19150.

We may expect bounce in Nifty otherwise Nifty may test the Major

support 8510-8530 then 8480.

We will review latter if Nifty breach 8470.

Major support-8510-8530
PRZ-8470
Upside Target-9050/All time High.

Note-This is my Personal view for Educational Purpose Only.Read Disclaimer.

Update to Previous Report

This is the Update to  Previous Report.

As per the last report,we have seen breakout and our target of 8880 and 8950

achieved tomorrow.

As Nifty is two step away from all time High 9119,

Now again Nifty approaching the PRZ(Potential Reversal Zone) or Congestion Zone

Resistance of 9040-9070.Be Cautious, although movement is strong in upside.

Nifty may complete the rotation at 9040-9070 of previous downfall.

After that follow its own course of action.

Note-This is my Personal view for Educational Purpose Only.Read Disclaimer.