Sunday, January 3, 2016

Nifty Elliot Wave Analysis by Abhishek

Nifty seems to Breakout of the trading range of 7850-8000 which can give good trading opportunity, as per  the hourly charts we are having resistance around 7970-7985 above which nifty can touch 8040/8090 level.

Nifty elliot wave analysis

Going forward we will definitely have clear trend emerging from this week (hope with volumes) keeping a close watch for the 7985 spot closing shorts can be initiated for at least 150-200 points.

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