VishalShah

NIFTY DAILY PRE EMPTING HARMONIC ABCD

NSE:NIFTY   Nifty 50 Index
LOOKING AT THE NIFTY DAILY CHART LOOKS LIKE NIFTY GOING FOR LEG D BELOW TL SUPPORT 8590 SPOT FOR POINT D @ 8400 WHICH IS EXTENSION 0F 161.8% OF POINT A . POINT D ALSO HAVING GOOD TL SUPPORT
Comment: Looking at today fall feels still many long holding in system as pre empting bounce from strong support at 8580 but now trend is below it
Closing below 8580-8550 spot will lead to more weakness and weekly closing below it will give some more indication for change of trend ..
As of now 8550 spot to watch (Surgical Strike Panic low )
Comment: Today made a low of 8432 almost near ABCD point D prz near at 8400 zone
Gap below 8407 so this level need to watch cautiously expecting minor bounce till 8555 spot
Comment: Look at the low ..Surprised ..
Exactly at prz and bounced
now follow up required by crossing 8550-8558 spot

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