Hi every one, As per my previous post there is possibility Nifty will touch the 10150 level and reversal is possible. Yesterday Nifty touch that level and hold on the resistance zone. Still reversal is possible on this resistance zone, Wait upto today close and enter short target around August low.
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NIFTY rejected by 10150 for two days, possible top formed. Looking for impulse downside to complete the pattern.
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50 points drop... as i mentioned yesterday top formed, today we got first leg impulse wave... further downside possible...
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today 100 points drop.. sellers continue to hold upto AUG low...
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another 100 points down...
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As i expected Nifty fell to nearly AUG low... may be tomorrow we can short term bottoming action...