Nifty- Complex Channel Correction Unfolding-Below 8775

2 thg 9, 2016

Break below 8775 shall take Nifty in the zone 8745-8755-there it should get support-once getting a support look for a price bounce till 8800-8810.

Remember Any Break Above 8820 will carry Nifty upside in new zone or else if it gets hurdle close 8810-8820 zone -one can take a small stop loss above 8820 for targets again 8745-8755.
or

Selling close to channel top in the zone 8810-8820 with a strict stop slightly above 8825 for Targets 8745-8755

Regards,
Abhishek H. Singh, CMT