Update on Nifty Spot EOD 12-9-2018

Nifty has completed an a-b-c correction from 11752.  Now it is a buy above 11386 on Friday.   The fall from 11750 was 8 days today at 11250.20. We have to see How much retracement takes place and at what speed.   We have to see the retracements to find out if the fall got over at today's Low.  1st Target for this up-move is  11651-11668. for Nifty Spot. On the way following will be the resistances 11426 / 11442 / 11469 / 11501 / 11532 / 11561  / 11651-11668.

Update on Nifty Spot

Nifty has given a rally as expected in my earlier post.

Nifty update intraday 12-9-2018

If no recovery takes place today/tomorrow then sell off may extend to next Tuesday with deeper targets of trendline break.

Intraday 12-9-2018

Nifty Future (Bias - Negative)


Weak Below / Strong Above 11343. 



Banknifty Future  (Bias - Negative) 



Weak Below / Strong Above 26992. 

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.