Wednesday, September 12, 2018

Nifty Spot EOD 11-9-2018 Analysis

a-b-c completed for G-leg up and now we are in for d-leg down of it, which should take about 35 days. So, 6-10 days done for correction and 25-29 days left.  That would mean that correction can complete earliest by 22nd oct, 2018. Price Target of this correction is a break of the 0-b trendline first and the red line below at about 10859. We are also observing 2-3 days of fall and 2 days of pullbacks. The fall pattern is not clear yet.  Present fall from 11603 may stop around 11245 or 11185.85 - 11210.25 previous gap.  112-210 points pullback may come anytime now. 


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