Nifty Balance Zone Reaction

As per last report,medium term support was 9700 Nifty made low of 9685 and achieved upto 9985 approx against our 2nd resistance zone of 9975.

Now Nifty 50 is in balance level for next reaction and 9890-9920 may act as balance point for to and fro.

Level to be precise???

Support -9890-9920

Long term support-9625/9460

Resistance-10025/10060

Note-This above levels are my personal view for Educational Purpose only.Read Disclaimer.

Nifty 50 EOD support,Resistance & PRZ

Nifty 50 approaching to medium term support of 9700,if holds then we should expect 9920/9975 and next to new high .Next long term support is at 9510/9490.

Level to be Precise!!!

Immediate short term support-9790

Medium term support/PRZ-9710/9730

Long term support-9510/9490

Resistance-9920/9975

PRZ-Potential Reversal Zone.

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

Nifty Balance point support & Resistance

Nifty important support and Resistance are cited below.
  
Level to watch!!!

Support cum down trend confirmation-9540

Support 2-9385

Resistance cum Balance point-9630

Resistance 2-9720/9800/9920

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Nifty EOD Balance Point Zone analysis

As per last report stated that some juice left until 9340/9300 taken out or breached.

Exactly Nifty made low of 9340 and bounced from there breakout the cluster resistance 9550 and achieved 1st resistance 9585.

Our second resistance 9710 almost done today.Now due to complexity of Elliott wave fractals originating from 7893 already stated,All minimum targets has been achieved ,over bought and some divergence,Balance point zone may play a vital role for next to and fro. 

Now focused should be on the Balance point Zone 9600/9630 form where it will take it next course of action.Above 9720 we should expect 9800.

Level to watch!!!

Balance point level cum support-9600/9630

Resistance-9800


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

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.