Friday, January 12, 2018

Nifty Spot update

We are back at our gann support 10570-10600. 50% retracement is 10560.  If Niftyholds this we can hope for the upmove to commence again in 2-6 days.   Unless we start closing below 10616 EOD basis for  two days a larger correction or completion of c-leg is ruled out.   The current correction seems to be within lowest level c-leg and  c-leg have more legs and seems to be forming a diametric.  All Nifty Spot Values!

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