AAP Exit Poll Effect,Will Stock Market form short term bottom
Last week we gave Chopad Levels
of 8806 Nifty did 2 target on downside. We saw a roller coaster ride
in last week with Nifty and Bank Nifty swinging wildly and both indices
closing in red for 6 days in a row feat which was last achieved in 09-17 Dec 2013. Here is my analysis on How will market react to AAP win Lets see how to trade nifty in coming week.
Nifty Hourly charts has broken its both 21/34 HEMA as nifty was unable to cross its trendline resistance, Now nifty is at crucial support of 8630/8590 , breaking the same correction can run deep, able to hold another attempt will me made for 8840/new highs.
Elliot wave chart on Hourly is shown..
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Nifty Hourly Chart
Nifty Hourly charts has broken its both 21/34 HEMA as nifty was unable to cross its trendline resistance, Now nifty is at crucial support of 8630/8590 , breaking the same correction can run deep, able to hold another attempt will me made for 8840/new highs.
Nifty Hourly Elliot Wave Chart
Elliot wave chart on Hourly is shown..
posted by Bramesh at
2:40 PM
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