manu_5123454

NIFTY (WEEKLY CHART)

NSE:NIFTY   Nifty 50 Index
Nifty             did same action as i told before in weekly chart of nifty             ( sell near 10280 tgt             . near 10130-150 levels). And told in this charts nifty             should bounce from this levels and it did it.

This current chart pattern indicates decisive for further trends for nifty             . we should keep watch in between 10150-10300 ( breaks either levels for further trends)

Weekly RSI- RSI is trading below the support line as i shown in chart and this time the support is automatically convert in resistance zone = selling ahead.

Selling== if we fall below the 10150 levels then we could see 9800-9850 levels very soon

Buying == if we breaks above the 10300 levels again then we could see 10600-10700 levels very soon.

we should take action according to trend decisive .

According to EW- if this trend is C wave of 4th wave then we could see near 9600-9700 levels
If not then 3rd wave will be completed near 9700 levels according to ABCDE wave method for 3rd wave then we could see
selling pressure
My felling says-- NIFTY             should down till 9700 but Technical analysis says that don't judge , ALWAYS WALK WITH MARKET TREND
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