Sunday 14 May 2017

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.



No comments:

Post a Comment