padiyara

Nifty 8805,trading in a side way market for the last two weeks

padiyara Updated   
NSE:NIFTY   Nifty 50 Index
7
Nifty 8805, is trading in a side way market for the last two weeks, making 2 spinning top on weekly chart, shows indecision in the current trend. wave count find many irregularities, having many inner waves, an impulse with extended wave showing a very bullish nature,and now it shows a kind of termination. So caution on trading and only trade above 8822 for a higher target 8860_9000
below 8780 target 8710. and we can correct more.
Comment:
Notice that the initial rage is between 8820 and 8780,
very important to break this level, I still remain bullish, until it fall below
8710.
Comment:
reached the support level 8710
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.