Thursday, April 26, 2018

Nifty Spot EOD 25-4-2018

40/43 days fall is now being retracted and we have completed 15 days from our chart completion bottom.  We can assume Nifty has completed the a-leg of this up-move near 10638 and formed a double top resistance.  Now history shows us 3 weeks of consolidation near 10600-10650 zone before the fall down to 9950(Approx) so we can expect 2/3 weeks of time spending near the zone.  The Monthly higher low is also pending for Nifty for the Month of June. 10400-10450 huge support and 10600-10650 is huge resistance and some time spending is needed in the zone. the unconfirmed b-leg correction can take 13 days or more like first a-leg up


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