Monday, November 17, 2014

Nifty Chart

Monthly and Hourly chart Analysis 

Trade Support 8359-8356 and Resistance 8395-8403
Trend Support 8334-8329 and Resistance 8463-8469

Negative breakout resistance on hourly basis at 8395-8403
once close above this level then short covering upto 8463-8469

Every Oscillators are in OSZ.  But trend is still +ve
So expected some sideways move.

As per Elliott Wave 138.2% / 127.5%  are some
profit booking in GRAND Super Cycle .

So 138.2% of the Trend move 279-6357 @ 8678 
So maximum possibilities for current swing is at 8678.

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