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.
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.
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