Nifty II surgical strike Trend Poised

As per our last two report medium term outlook is Go or No Go like situation when break 8470.

As per 1st Nov report our 1st case was Descending Triangle continuation breakdown

 below 8505 with medium term support was 8470 breached and not closed above

8550 for bullish Trend confirmation.

On 6th Nov report told that medium term outlook was negative as closed below 8470.

Nifty made attempt on 7th and 8th Nov to close above 8550 but not succeed and

achieved our 2nd Bearish Target of 8200 and almost touched long term support of 8000.

As Nifty is near at short term support of 8300/8220 and below medium term support

cum resistance 8470 and just taken  support from long term line 8000.

Nifty is in a state of perfect equilibrium as equal  distribution of weight from Bulls and Bears,

hovering or suspended in or as in midair between 8200-8300.

What Next???

As Nifty is perfectly poised.

So only watch the 8200-8300 zone of  equilibrium to drive price either

side of 8000/7850 or 8470/8610.


Note-This above is my personal view for Educational Purpose only.Read Disclaimer.