20161118
Nifty: 8074
Support 8045
Resistance: 8130 above which we can expect 8350 to 8500
Support 8045 Stop loss.
A 0.618 retracement level is crossed already,
The next value .5 of the total Bull Run from the 6825 bottom to 8969 top, is around 7900 which also matching with a strong support Zone blue line mark. Market can go further down, as the indicators, the fear index, all shows the same signals. In the meantime a pullback can be expected to 8350 level, as already mentioned in my previous views.
Technical views can be varied as days progress and, on impact of major events that is not yet calm down, the end result is still awaiting.
Nifty: 8074
Support 8045
Resistance: 8130 above which we can expect 8350 to 8500
Support 8045 Stop loss.
A 0.618 retracement level is crossed already,
The next value .5 of the total Bull Run from the 6825 bottom to 8969 top, is around 7900 which also matching with a strong support Zone blue line mark. Market can go further down, as the indicators, the fear index, all shows the same signals. In the meantime a pullback can be expected to 8350 level, as already mentioned in my previous views.
Technical views can be varied as days progress and, on impact of major events that is not yet calm down, the end result is still awaiting.