Hi Friends,
In my last post I mentioned about Head & Shoulder Pattern. After the bounce to 8655 Nifty started declining. This is a channelized decline. It seems to be a complex correction in WXY.
 |
| NIFTY |
Currently Nifty seems to be declining in 'a' wave of Y of the complex correction; which is further subdivided. Nifty
broke below the neckline around 7960 and sustaining below it. Current
decline may further continue till 7630-7540. After which Nifty may try
to retest neckline around 7960-7990. Sustaining below the neckline may further open downside to 7230-7160.
Thanks & Regards,
Harsh Dixit.
2 comments:
INDIAN EQUITY BENCHMARKS gained more than 2 percent on Thursday, heading for their biggest daily gains in two weeks, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts at the end of the session. The S&P BSE Sensex and CNX Nifty ended 2.01%-2.02% higher each.
Capitalstars
That is very impressive article about Forex, I have been suggested to the my friends please check this out.
Capitalstars
Post a Comment