It is almost for a full month NIFTY is making the move with in a very narrow range of 8520 to 8730...! Though the signal was showing the range of in and around 8666 for a while, It was beyond any one expectation that it could be for these many sessions...!
Well, it a lesson & we need to move ahead...!
As one of our friends rightly said, exactly when NIFTY was touching the peak of 9119 , it was just made within 5 sessions, from the range of 8650-8700 level...! So, there could be a replica for this time also........ even if it is not made immediately , it can be sooner...!
Well, as I have indicated earlier , as long as 8521 is intact, there will be again a bounce back...!
OK, if it is broken we have a multiple support level at 8485 and if it is broken, there could be a downfall till 8330-8280 & again there will be a pull back towards 8485 .....!
Finally, after a long range bound movement, NIFTY is set for a heavy - uni directional move, those who have kept patience , will get highly rewarded...!
Let us wait for the golden moment, which can immediately set right the recent set back......!
Have a great day...!
With kind regards,