padiyaraa

Nifty 8288.Assume wave iv concluded 8237 & V go for 8312 or 8360

NSE:NIFTY   Nifty 50 Index
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Nifty 8288. Assumes that wave iv is concluded at 8228
& we are in the wave v th , which may
conclude around 8312 _ 8360…..
Now the reversal level is 5th of v th start level 8228.

Although we are expecting a further move ahead nifty
is facing many Resistances like a major five month
Trend line BLUE, DEMA 100 resistance (not 34 sorry),
and Daily MACD above zero line resistance,Keep caution
at first target area 8312 while looking upward.
Now the indicators (standard DAILY 14 period)are at
over sold region.eg:Day chart slow stochastic is at 90, 14 period RSI at 60.

HEllo friends, while reading many things together we
may make mistake, so whenever you find improper
values please notify. There is nothing
wrong in communicating.

Comment: *read as.....iv is concluded at 8228
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