Hardik2608

More correction left in Nifty

Short
NSE:NIFTY   Nifty 50 Index
Nifty has come to fill the gaps between10603-10696 and 10440-10485 and to retest its 200EMA @10530.
It has faced resistance from its 200DMA@10881

Nifty is weak as it has broken its trend line in RSI as well. So some more fall is still left.
By hook or by crook it has to reach at least 10450 to make this correction convincing and attract buyers for next upswing

If gaps up tomorrow it will be much better as it will also retest the range breakout from which Nifty came out today.
So upper limit is 10700-10680 and lower limit is at least 10450

Comments

if a bull run is to be sustained the nifty needs to come to 10100 at .236 level retracement.
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Hardik2608 imkhushal
@imkhushal, Brother that's why i have mentioned "At least". And i also will be very happy to see nifty @10100
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