padiyara

Nifty top 8307 doesn’t look like a completed pattern.

NSE:NIFTY   Nifty 50 Index
2
Currently we may be in a sub wave iv correction and nifty can go further up, to complete the v th may be around 8312 _ 8360….. Caution level is v th start level 8133.

Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line , DEMA 34 resistance, and Daily MACD zero line resistance, and the indicators are oversold (for DAILY time frame chart with standard 14 PERIOD) keep a caution at first target area 8312 while looking upward.
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