Upon failure to cross the Previous high by today the Indexes would be considered to be still in incomplete x-wave and previous fall was a-leg down of x-leg and now it is the b-leg up of x-leg.
In hourly chart of Nifty Spot the retracement is already slower hence this may be considered as the b-leg of the 2nd x-wave.
Thursday, July 6, 2017
Nifty and Banknifty Future Key Level(s) for 6th July, 2017
TRADE the Levels, Charts Can Adjust!
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Nifty Future (Bias - Positive)
Trade This [ 9600-9627 - (Must touch) - 9664-9690 (Must Touch) ++] [May not touch if price exceeds boundaries and sustains]
Weak Below / Strong Above 9667 .
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Banknifty Future (Bias - Positive)
Trade This [ - 23304-23326 - (Must touch) - 23475-23497 (Must Touch) ++] [May not touch if price exceeds boundaries and sustains]
Weak Below / Strong Above 23466.
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Trade This [ 9600-9627 - (Must touch) - 9664-9690 (Must Touch) ++] [May not touch if price exceeds boundaries and sustains]
Weak Below / Strong Above 9667 .
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Banknifty Future (Bias - Positive)
Trade This [ - 23304-23326 - (Must touch) - 23475-23497 (Must Touch) ++] [May not touch if price exceeds boundaries and sustains]
Weak Below / Strong Above 23466.
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Nifty and Banknifty Update
2 days to a new high (Preferably today itself or by gap up early tomorrow) for confirmation of a third leg up from 2nd x-wave completion at 30th June, 2017 lows.
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