Techview on nifty for 01/12/2020

NSE:NIFTY   Nifty 50 Index
Its seems like Whenever nifty made this pattern on daily chart A little consolidation came into market and the support of this consolidation is at 12700 nifty holding this level in each correction.
the range of this consolidation in between 500points make your trade as per your planning.


What resistance is there on 2nd pattern 15th-Oct ? (not shown in chart)
so you think 12700 is good buying opportunity.but many Eliot wave chatists are giving deeper correction of 2000 points in dec-jan.
Kotha_Rao ckirtane
@ckirtane, I have never seen any EW analysts making money. Simple MA trading will give better results
TECHECK ckirtane
@ckirtane, i m not saying the support is not going to break but 2000 point correction that might be to much trader are very active in market a small dip turn into buying because whenever market correct the left out feeler start buying whenever they get chance in dip and this rally to 13000 only done by large caps and some of small cap and mid caps may stock didn't participate in this rally So be stock specific choose sector that have room to go further even in correction.
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