International Market will drive our market also. The
positional Bearish condition will persist upto the 61.8% of
FIB Calculator for the previous peak[6357] and low[2252]
as 3820-3800. Expect some set of bounce back in ntraday
arround 3940-3927.
Yesterdays Prediction "Bulls should maintain above
4050-4040 [EXACT L 4039.85]. Rangebound
market today with negative bias. International markets
are also flat with +ve closing. European market opening
will made some impact on our market too.
Max level for long in intra 4040[weekly support 4050]
Bulls should maintain support in intra 4050-4040.
Rangebound with negative bias. Gap down is +ve for intra
so dont short if nifty open in gap down, Some bounce back
expected. Trend is negative. Better to avoid trading today.
Yesterday's Close break both wave support and Major 
Central Railway Budget Highlights & Expectation of Central
Budget Will be the key players of market today. Wave support
[software link] and Trend Support are at same place implies
Good support arround there. Once closing below 4250 will
be very negative and nifty will drage upto 4140-3878. [projection]
There is no shorting opportunity, if closing above 4420.
Intraday profit booking arround TDL trend resistance will
make some volatility for profit booking. Over all market in
bullish bias with profit booking then and there. Trend line
and WAVE resistance at the same range. So, be cautious
arround TDL trend resistance. Wait and watch before going
to buy at TDL trend resistance.
Very very crucial and rangebound support and resistance
now for nifty. Once close below 4250 then next positional
target 4180-3878. Major trend line support at 4260. Do
you interest to find support and resistance
Wave support and Trend Support will help the nifty to
make some +ve momentum. Williams R indicator in
Over bought Zone implies the volatility with profit booking
in every rise.
