(1) Nifty Detail Chart & View For Next Week :: 12/10/2015 ::
- Made White Doji candle exactly near our first target resistance area..8225-8230 which we mention in last weekly Elliot wave count post…
- MSi from 42 to 53.. slightly turn up..
- Short term indicator in overbought zone..
- Overall momentum still bullish but be careful at high ..
- In last C leg 2nd wave simple, 3rd wave sharp, its mean 4th in progress.. When its complete we see sharp 5th wave decline..
- Now avoid buy at high and strictly stuck with levels..
- Watch strong resistance 8225/8230 & Support 8174/8140..
- In intraday trading on 12th Oct. Above 8196 buy for small with strictly stop-loss 8183.. Below 8174 sell with strictly stop-loss 8183..
- Resistance for up move at 8218/8230/8253/8275…
- Supports at 8161/8140/8125/8105…