Monday, June 22, 2015

Nifty Chart

As mentioned +ve divergence reflect on FRIDAY with +50 points.
Now neck line of 8350 on closing will be tough for both bear and bulls.

Close above 8350 for 3 consecutive days will be +ve for 8593+.  otherwise
it will consolidate between 8200-8350.

Only because of some profit booking, it will hold around 8350
[from 7940 to 8350=310 points] otherwise minimum target of 8593 straight.

check the above chart published on 7th may 2015 with the heading
expected move.  Exactly from the day cash nifty touched 7940 till
+ve move. from 7940 up to 8250.  (Exactly swing low 8269).

Print this post

No comments: