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:
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
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
Exactly at prz and bounced
now follow up required by crossing 8550-8558 spot
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 )