Nifty Spot EOD 10-01-2018

c-leg of Major c-leg of one level higher C-leg going on .  Higher  C-leg Started from 7893.80 (26-12-2016), Major c-leg of one level started from 9687.55(28-9-2017). c-leg Started from 10074.80(18-12-2017).   

Stiff resistance from 10616-10643-10684,  if cleared next resistance is at 10806 - 10877/10891 initially.  Gann Support zone 10570-10608-10650.  Gann Resistance Zone 10730-10850-10890-10972.

Expected time left for lowest level c-leg as par chart is about 9 to 14 trading days.

Time or price will stop the journey of the lowest level c-leg as per chart. Thereafter again another corrective phase of 30 days likely for lower level d-leg.

View on Nifty Spot

OB Nifty may play around with 10570-10600 Spot level for a while.  Weakness only if Nifty Spot closes below 10570 for 2 consecutive days.