"NIFTY WILL TEST ITS BULLISHNESS ON 14 TH OCTOBER" by trader selvamgeetha — published 2016-10-08

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Nifty 50 Index (NSE:NIFTY)

NSE:NIFTY Nifty 50 Index

So far there is no Damage to nifty .But one more down wave is pending,Watch the chart if monday nifty not pushed above 8735 ,our hope will end there. take short positions on monday 3.15pm

Comment: Today nifty crossed 8735, hence more upside possible but that will be the peakof b,probablly upto 8790 ,trendline resistance

Comment: if b wave completed on monday at 8746 we can expect C wave down upto 8603.

Comment: Happened 8626 came wait for today if 8603 kissed or pierced

Comment: thrilling moments?

Comment: NOW 8630 Will be the resistance to hit again

Comment: Extention of 5th wave possible 8615 will be the stop loss for shorts

b wave completed at 8746 tomorrow you can expect C WAVE down upto 8603. if nifty manage this level no further downside

Nice analysis

nirav5

Thank you

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