Nifty- Hello 8370 - Let it break!

NSE:NIFTY   Nifty 50 Index
588 2
A simple support between 8370-8375 has been created in last few sessions- where one can look to sell if Nifty goes below 8370 & sustains for a small target of 8340-8345 zone & if sustains below 8340 then 8285-8300 zone.

D-wave reaction from harmonic pattern- Awesome harmonic pattern

Nifty 2016 Diary- connection how it all started from 8969 highs
Trade active: 09:45 Hrs 18th Jan2017

Last price@8452

If you get a chance to join the rally -can do so with a pullback

Nifty moving above 8440- heading next to 8480-8490 zone against 8400 support.
Trade active: 12:30 Hrs 18th Jan2017

Last price@8420

Recent low@8417

As expected for a pullback -looks like we got one at hand- Now risk of buying becomes even small & reward becomes big with stops below 8400 we shall look for 8480--8490 as the target zone as mentioned in the morning interim update of the post@ 09:45 Hrs
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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