Saturday, February 3, 2018

Nifty Spot EOD 2nd, FEb, 2018

About four-month-old C-Leg under Major [C]-leg has ended at 11171.50, which is also a key resistance for some short-term top.  Now we are in the D-Leg down under probable diamond diametric under Major [C]-leg that started from Dec 2016.  Expecting Nifty to come down to around 10300 level or test the thick black [B]-[b] line at least!!  Next 1-3 months stocks accumulation for next round of rally!  Expect high volatility and fast moves.