Nifty at lifehigh, Weekly forecast
Last Week we gave Chopad level of 7246,
Nifty did 3 target on upside with a closing a record highs and breaking
the 16 May high of 7564 also. Progress of monsoon rains .IIP and CPI
which will be unveiled on 12 June. Lets analyze how to trade Nifty
before Modiji PM swearing ceremony and expiry week.
This is what we discussed last week , As per EW analysis it shows short term correction is over till 7172 is not broken and bounce back till 7600 is on cards. As per Elliot wave Theory 7629-7650 can be seen than we can see a short term pullback.
Nifty Daily Chart
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Nifty Elliot Wave Analysis
This is what we discussed last week , As per EW analysis it shows short term correction is over till 7172 is not broken and bounce back till 7600 is on cards. As per Elliot wave Theory 7629-7650 can be seen than we can see a short term pullback.
Nifty Daily Chart
posted by Bramesh at
2:30 PM
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