neilroy7

Nifty should reverse from 8430 obeying an old trend line.

Long
NSE:NIFTY   Nifty 50 Index
Nifty currently should reverse from around 8430, which would mean it obeying an old trendline on a hourly chart.
There are two different counts for Nifty , the ones in read are the secondary and one in dark blue are primary, Both of them show that we should take a good upmove after the fall today. Keeping in mind next week is important, and according to the secondary count, there could be a downmove left, but things will get clearer as the time passes.
For now we nifty should go up.
Trade closed: stop reached: stop loss triggered
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