Currently we may be in a sub wave iv correction and nifty can go further up, to complete the v th may be around 8312 _ 8360….. Caution level is v th start level 8133.
Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line, DEMA 34 resistance, and Daily MACD zero line resistance, and the indicators are oversold (for DAILY time frame chart with standard 14 PERIOD) keep a caution at first target area 8312 while looking upward.
Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line, DEMA 34 resistance, and Daily MACD zero line resistance, and the indicators are oversold (for DAILY time frame chart with standard 14 PERIOD) keep a caution at first target area 8312 while looking upward.