kacharts

nifty setup before election

NSE:NIFTY   Nifty 50 Index
5
as shown in chart below 8860 we can see fast downmove till 8770, above 8980, 9120,9200
Comment: 8860 level defended by bulls very well.
what next?? 9200
seems yes
Comment: will modiwave take nifty to a new historical highs. 2014 and still modiwave is very strong .lets see how this pan out. to me every 2 -3 % is a buy for atleast 10200 levels.
9240 is immediate resistance on nifty.
Comment: history repeats itself may 2014- jan 2015
march 2017- --???
Comment: few old post... we make things complex by analysis paralyis .