NIFTY- will it break Upside or Downside??- Part 4

20 thg 11, 2016

Nifty as discussed in previous post here

that Nifty if break the strong support @ 8290 can fall to 8100-8110 level and nifty fallen to that range and after breaking that support fallen to 8048 levels in the week. Now what is next??
Nifty is at support @8060 levels, if it is broken than we can see a fall towards US election day low @ 8002. As nifty is looking week and bulls are not showing any power if these supports are not respected than we can see a fall towards range 7760-7780 and below @ 7710-7720 in between it has one small support @7945-7950. If Bulls show power and can pull back nifty then there are multiple resistances @8120-8125/8270-8285 range.
Rest continues and we will discuss it again when any breakdown or breakout is going to occur. Lets see...Wait n Watch..
Your ideas welcome please post your views regarding it what you think.

21 thg 11, 2016

Ghi chú

As discussed yesterday bulls are not showing any power if these supports are not respected than we can see a fall towards range 7760-7780 and below @ 7710-7720 & nifty had fallen to 7915 range.