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.
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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.
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reached the support level 8710
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Subra1953
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Great, tried to break 8710 few times but could not. What is next support if it breaks 8710?
Thanks heaps and appreciate very much for the efforts and your valuable time in providing guidance
Thanks heaps and appreciate very much for the efforts and your valuable time in providing guidance