Hello Friends,
Today Nifty shown one sided down move from morning. Later in the end some profit booking seen. From top at 12067 level it was more than hundred point of down-move. it was expected , as i posted on FB page the bear play start yesterday.
I have posted Nifty Cash 15 min. , 5 min and another 15 min. chart.
Nifty in a downward channel completed its smaller degree (iii) near 11960 , and than near 12000 level (38.6%) could be the end of wave (iv) or a in case of sideways .
Now for tomorrow, Nifty Cash 12000 level can work as Resistance initially, and the Support level should be 11950/55 Cash levels (initially). later after 12.00 noon we can see downside till 11900 level .
Disclaimer : Please ask your financial adviser before making any investment/Trade, as the author will not be responsible for any kind of profit or loss made by you.
One must analyse his own before making trade or invest.
Thanks , with regards.
Arun khanna
Today Nifty shown one sided down move from morning. Later in the end some profit booking seen. From top at 12067 level it was more than hundred point of down-move. it was expected , as i posted on FB page the bear play start yesterday.
I have posted Nifty Cash 15 min. , 5 min and another 15 min. chart.
 |
| Nifty 15 min. Chart |
Nifty in a downward channel completed its smaller degree (iii) near 11960 , and than near 12000 level (38.6%) could be the end of wave (iv) or a in case of sideways .
 |
| Nifty 5 min. Chart |
Now for tomorrow, Nifty Cash 12000 level can work as Resistance initially, and the Support level should be 11950/55 Cash levels (initially). later after 12.00 noon we can see downside till 11900 level .
Disclaimer : Please ask your financial adviser before making any investment/Trade, as the author will not be responsible for any kind of profit or loss made by you.
One must analyse his own before making trade or invest.
Thanks , with regards.
Arun khanna
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