As per 24th Dec 2016 analysis report,Elliot wave target was 7870/7890 and Death
Zone(Potential Reversal Zone) 7830-7870 .
Nifty exactly taken support from 7890 made low 7892.
As 8000 level was good support for long term,Nifty reverse from that zone.
What's now?
Now Nifty long term strength test zone is 8500-8530,nifty made high 8457 almost near to that zone.
Nifty almost test one short term support at 8370 on 13rd Jan 2016 and closed above that.
Level to Watch----
Short term support-8350/8300
Long term Strength Test-8500/8530
Long term Resistance-8650
Note-This above is my personal view for Educational purpose only.Read Disclaimer.
Zone(Potential Reversal Zone) 7830-7870 .
Nifty exactly taken support from 7890 made low 7892.
As 8000 level was good support for long term,Nifty reverse from that zone.
What's now?
Now Nifty long term strength test zone is 8500-8530,nifty made high 8457 almost near to that zone.
Nifty almost test one short term support at 8370 on 13rd Jan 2016 and closed above that.
Level to Watch----
Short term support-8350/8300
Long term Strength Test-8500/8530
Long term Resistance-8650
Note-This above is my personal view for Educational purpose only.Read Disclaimer.
I find that you have good technical analytical skills. Your daily updating in blog will help many traders. Are you active in twitter/trading view/ any other platform, i would like to follow you Mr. Suvendu ji.
ReplyDeleteThanks,NiftyInTune in trading view but not updated frequently due to time constraints.You may follow this blog and keep on commenting/ask questions.
DeleteNifty 50 levels Resumed after long gap,Plz follow
DeleteMost Thanks for your constructive comment,I am considering Your Expression of words as certificate for me,if you wish i will post your comment on Testimonials as certificate for my capability.
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