 |
| NF 15 min chart |
Now it is confirmed that Down Wave completed @4532 and it has taken 9 trading sessions from 5099. So the Up move from 4532 is labelled as Wave A and it may be in the up move for 9 to 14 tradings sessions and possible target is 4986-5010. If NIFTY fail to cross 5010 then market may correct by about 980 points in less than 33 trading sessions.
Remember we already completed two trading sessions and we are 250 points away from highest possible target 4985 and the remaining trading session for this upmove to be completed is 7 to 12 trading sessions.
If market goes above 5010 then the target will be 5510 and time factor may be around 33 trading sessions.
 |
| Daily Chart |
Don’t try to play the market all the time. It can’t be done, too tough on the emotions. - Jesse Livermore
I never try to predict or anticipate. I only try to react to what the market is telling me by its behavior. - Jesse Livermore
Today's Market
ReplyDeleteMarket will take up move gradually.
Levels are
Resistance1: 4753-4768
This level wonot resist much for longer time. It will break and move to next level
Resistance2: 4783-4803
This Level proves bit more stronger than the Previous one.It takes long time to break this level
There will be slightly come back from this position but it picks up later
Resistance3: 4813-4823
This level will be the biggest resistance for 2 day.If it stays for long time here there may be more chance of
stop and reversal. If it breaks then it will move up to the next level as given in the below
Resistance4: 4853-4873
This level will be the last level for the 2day's rally.
Anil Sir, you are right, 4753 is the strong resistance. If NS could not sustain above 4753 before 11-00 then it will be bearish scenario. R3 and R4 will come into play today. I wish NS should test those levels too. Too greedy? Haha :)
ReplyDelete