padiyara

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

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
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