Today nifty swayed both ends and
ultimately closed in positive zone with the closing above 5060 which is good
for the momentum on the upside.The two charts show the picture from the bottom
till date.Fibo retracements show retracements upto 5098(38.2%), 5215(50%) and
5320(61.8%) .The chart shows targets possible
of 5336 in the wave c as and when it unfolds(considered it as zigzag).
Levels to watch on Spot Nifty :
No trading zone between 5046 to 5082 to avoid whipsaws.
Buy above 5082 with SL of 5067 for targets of 5100 - 5118 - 5136- 5161
Sell below 5046 with SL of 5061 for targets of 5023 - 5011 - 4993 - 4969
Happy Trading !
No trading zone between 5046 to 5082 to avoid whipsaws.
Buy above 5082 with SL of 5067 for targets of 5100 - 5118 - 5136- 5161
Sell below 5046 with SL of 5061 for targets of 5023 - 5011 - 4993 - 4969
Happy Trading !
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