Thursday, November 10, 2016


Hi Friends,

As mentioned in my previous post after breakdown below 8500 it's time to revise Analysis on Nifty and look for alternate Wave Count. Nifty formed a Head & Shoulders Pattern and broke below 8500 in last week. Bulls tried to protect 8500 however failed to do so. Nifty broke below 8500 as a result of worries over the Outcome of US Presidential Election and sudden decision by PMO to cancel Rs. 500 & Rs. 1000 Currency Notes. It was a sudden reaction and was Unexpected to many including me. Though the H&S breakdown suggested decline to 8100 sudden Crash to 8100 was unexpected. As mentioned earlier it's time to change the Wave Count.

For detailed Analysis and Chart you may visit below link

Thanks & Regards,

Harsh Dixit.



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