Nifty: 8897.It already made a lower low in minor time frame but

Nifty 50 IndexNSE

Description

⋅ Mar 5, 2017 5:12 PM

It already made a lower low in minor time frame. But a pivot low is at 8710
A break below that is definitely a lower low and bearish too.

Nifty: 8897. Most probably will trade in a range 8920_8960 Monday
Support 8860, and Below 8804 only a bearish sentiment will be dominant.

This week a move above 8920 will take us to 8960 _9030
& for the month if nifty trading above 8940 it can go 9040_9130 _9210 & 9290

Comment

⋅ Mar 10, 2017 3:06 AM

For FRIDAY 10 MARCH 2017
Nifty:8927
above 8936 can go to 8970 & 8990
below 8920 will see 8875

Nifty actual range so far this week was supp:8892 to 8978 res:,
a firm close above 9000 only will take nifty further up

Comments

Parasuram

⋅ Mar 6, 2017 5:07 AM

Just one clarification! do you use Fibonacci levels or the pivots for projecting the target price or the price action for the future?

padiyara

⋅ Mar 6, 2017 7:14 AM

@Parasuram, pivots mainly, but I check for a confluence of both to match with in a few points.

vanathi

⋅ Mar 6, 2017 2:47 AM

I also have the same view...

Subra1953

⋅ Mar 5, 2017 6:24 PM

Good set up Thanks heaps and appreciate