Nifty Spot Alternate situation as on Midday 10-4-2018

The Second corrective after X-wave from 10478.60 had probably formed an extracting triangle and the correction got completed at 10111.30 on the 4th of April, 2018.  Final confirmation needed when Nifty crosses the X-wave commencement point at 10478.60 and sustains.  At present handling the OB situation with time correction without much price damage.

Update on Nifty

The way the technicals are improving it needs one more confirmation to sustain above 10479 to indicate the correction was indeed completed on the 4th of April and now we are in the a-leg of the first bull run again!  Other than overbought (in Hourly and Daily) no major issues till now!

Intraday 10-4-2018

Nifty Future (Bias - Positive)



Weak Below / Strong Above 10426. 


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 25166.