Wednesday, July 27, 2016

NIFTY - Most Awaited Correction on Cards

Hi Friends,

It's been a long time I have posted on Nifty. As I have been mentioning in my posts about the start of Bull Run; Nifty has breached all the barriers to conclude the Start of Bull Market. Currently Nifty is at crucial juncture. After forming a Doji Star on Weekly Chart last week, Nifty tested 8645 and started declining today. Nifty has strong Resistance near 8655 and there is Negative Divergence on RSI. All of these are indications of a possible Decline in Nifty in near term future.

For detailed Analysis & Chart you may like to follow below link

http://trend-o-nomics.blogspot.in/2016/07/nifty-ew-analysis.html

Thanks & Regards,

Harsh Dixit.

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