Monday, October 26, 2015

Nifty Chart


Nifty now 760+ from 7539.  Almost nearing resistance.  As mentioned ealier
Swing halt at 138.2% of 161.8%.  138.2% crossed already (7539-8055 swing)

Swing 9119-7699's 038.2% @ 8241
Swing 7539-8055's 138.2% @ 8252
So,Trend Support range 8252-8242

Trend Line resistance @ 8349-8355
Swing 7539-8055's 161.8% @ 8373
So, Trend Resistance range 8349-73

Still re-tracement profit booking only around resistance. Weekly chart is
still bullish.  So not suggested short her,but booking 50% is good.

Waiting for the confirmation.





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