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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