Please refer our earlier prediction on Nifty's trend...!
I have been mentioning about 8710 , as long as it is intact, it can come back furiously...!
In the last two sessions, I was quoting the point of 8778.... will be the level to watch out...!
When I am writing this post..... NIFTY is at 8837.50 ....!
Today's low made so far 8780.25 & High made was 8847.65...!
Based on the price actions, in the last couple of days - There could be a big movement .....!
As per the indicators , The overall range is aligned to 8520 to 8951 once again... with the interim base range at 8778...!
Surprisingly - my indicators are showing -once again the deep red ..... & absolutely amusing signal...!
But, better to go on both sides cautiously....!
With kind regards,
Wednesday, 14 September 2016
We are going to have another couple of sessions , purely based on the global pressure & likely to get less support from Technical indicators....
In a narrow range, NIFTY has to withstand / consolidate above 8778 , to continue the bull run...!
Else, there will be a quick fall towards 8650 & then to our previous level of 8521.....!
As per our indicators level - still it is showing as long as 8521 is intact, it can make the come back once again towards 8951...!