On 7th August report click here our Target for Nifty was 8880-8950.On September
7th we got Nifty at 8968 differ by 18 Points from our extended Target 8950.
On 7th September report click here analysis told for cautious approach as Nifty
approached Reversal Zone.
Nifty reverse from 8968 and achieved our 30th September click here Target 8470
on 4th November.
This above is all about flashback of our Analysis.
What Next???
Friday our Target of 8470 achieved and Breached by 70 points and weekly
close below 8470.
Nifty medium term outlook is negative but has the potential to sharp bounce from
here and will negate the bearish closing.
Level to watch---
Immediate Bullish support -8380
Bullish Trend Reversal-8470
Trend confirmation-8550
Bearish Target1-8320
Bearish Target2-8200
Note-This above is my Personal view and for educational Purpose only.Read Disclaimer.
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