Speed0

TrendLines & Pivot

NSE:NIFTY   Nifty 50 Index
39 0 0
Rally From 8000 Till 8600 Can be Form Of Impulse (Pending) Or ABC Zigzag ,If we take out 8600 ,Now It Can Bounce back from any of fib retracement levels (of 8000 to 8600) to take out 8600 Or Can Even touch falling lower trendline & bounce back.Then Probably Next Could be Till 8900 Again As Zigzag Family Pattern Or May We il move Above All Time Highs As Impulse ......If Bank Nifty             Takes Out All Time Highs ,Then Slowly We May Follow It too.
Currently its facing resistance at upper falling trendline ,Above 8600 Next Rally till 8680 which i consider a pivot . The end of Wave e of running triangle (If My identification is right).

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