Thursday, October 08, 2015

Nifty Chart

Bullish Expanding wedge, lower tops trend line coincide with
negative breakout trend line at 8400+.   Small swing's 8654-7539
61.8% at 8228 and 78.6% at 8416. regular RSI above 60
indicate small bullishness.

8100 is the key for down side tgt 8000.  and 8250
is the key level for upside 8350++.  So both side tgts around 100 points.

As per EW tgt line coincide with 61.8% of the above mentioned
swing at 8200+.  So, consolidation/retracement profit booking possible.

Consecutive closing positive for further 2-3 days is also good for GT line.

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