Nifty Chart

1st OCT STATEMENT

""

 8250 is the key level for upside 8350++

As per above bearish story history repeat for Bullish swing 7539-8055
Implies minimum tgt 8252-8269 (138.2%)
Everybody expected double top 8055  is for short dont do that
because swings always rest at 138.2% [8252-8269] or at 161.8% [8373]
""
Yesterdays high EXACTLY reached range 8252-8269, Actual High 
8244 and closed at -100 points from high, closed 8143.[38.2% of the
big swing 9119-7539, 9119-7699 swing's 38.2% at 8241].  Check the 
Chart,Exactly the swing 8055-7539 bounced from 61.8%, [7736] 
reached the TGT 138.2% [8251].  Yesterday selling volume more 
than 70%.
200EMA at 8183 50EMA at 8068  minimum trade support and resistance.

As per technical before reach the 161.8% [8373], some profit booking 
at 161.8%.  

Now the Key levels are 8055 and 8250

Print this post