ashishchauhan

NIFTY- will it break Upside or Downside??- Part 4

NSE:NIFTY   Nifty 50 Index
Nifty as discussed in previous post here that Nifty if break the strong support @ 8290 can fall to 8100-8110 level and nifty fallen to that range and after breaking that support fallen to 8048 levels in the week. Now what is next??
Nifty is at support @8060 levels, if it is broken than we can see a fall towards US election day low @ 8002. As nifty is looking week and bulls are not showing any power if these supports are not respected than we can see a fall towards range 7760-7780 and below @ 7710-7720 in between it has one small support @7945-7950. If Bulls show power and can pull back nifty then there are multiple resistances @8120-8125/8270-8285 range.
Rest continues and we will discuss it again when any breakdown or breakout is going to occur. Lets see...Wait n Watch..
Your ideas welcome please post your views regarding it what you think.
Comment: As discussed yesterday bulls are not showing any power if these supports are not respected than we can see a fall towards range 7760-7780 and below @ 7710-7720 & nifty had fallen to 7915 range.

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Ashish Chauhan,

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