Nifty Weekly Doji update

As per previous report resistance are 9510/9550,Nifty resist from 9532 and corrected upto 9390.

As said due to complexity of Elliott wave fractals originating from 7893 and multiple cluster resistance in between 9450 and 9550 we have witnessed some confusion/indecisive candle.

Next musical harmonic resistance are in between 9600-9700 and we have seen some doji/spinning top like candle in weekly time frame but validation of correction is pending until 9340-9300 breached.

As bulls are in command so we should expect some juice still left until  9340-9300 downside level breached.


Above 9532 we should expect 9585-9640 and 9710 with immediate support at 9340.

 Potential Reversal Zone still exist in the range of 9640-9700 with upward revision and cautious approach.

Level to watch!!!

Immediate support-9340-9300

Resistance1-9585

Resistance2-9710

Note-This above are my personal view for educational Purpose Only.Read Disclaimer.

Nifty EOD update-Handle with care

After last analysis report Nifty taken support twice from 9270 level inline with our support 9260.

Again as per previous analysis target1 was 9460 and nifty taken resistance from 9450.

 Must refer previous analysis report for next Resistance.

There are lot of complexity in Elliot wave originating from 7893,so most probable Elliott wave hourly chart from 9075 is cited below for your reference.

Caution-Handle with Care???

As per last report, cluster resistance are from 9450-9550,cautious approach in long still holds.

The above resistance may act as Potential Reversal Zone for short to medium term.

As per the above Elliott wave chart wave v target are 9450/9483/9550.

As per previous article,musical harmonic resistance are 9450/9510/9550.

Note-This above is my personal view for educational purpose only.Read Disclaimer.

Nifty EOD Resistance & PRZ

In Last report analysis said immediate resistance of 9370,Nifty taken two consecutive resistance from 9370 made a high of 9367 in line with our said resistance level differ by 3 points.


Now nifty are facing some and almost same cluster resistance in short term,medium term and long term at level of 94xx to 95xx,so need be extra cautious on long side.


As per the long term view in the context of Musical harmonic, next resistance should be in area 97xx.But due to above cluster resistance coincide or overlap to each other may act as next bigger resistance cum Potential Reversal Zone(PRZ) before 97xx area.


Level to be Precise???


In case of octave or octave and fifth in musical scale resistance are as cited below as long as 9260 holds

Resistance 1-9460

Resistance 2-9510-9550

Support-9260


let you know that octave and fifth all are musical harmonic scale ratio and the name of our blog NIFTYINTUNE stands for Nifty in Musical scale.As all our analysis based on the same principle and Niftyintune completed one year in due course.

so Very much congratulation to all viewers and need your comments to explore more.

Note-This above is my personal view for educational purpose only.Read Disclaimer.