Nifty above its crucial resistance
Fibs- The Fib resistance is at 24650. So any further correction will come below this zone. We are fine as long as we are above it.
Trendline- The recent dip bounced back from the channel support.
Hence to me this is strength.
Cycle- on the bottom is a cycle study. The next cycle is around the mid Oct. Here two cycles are merging together hence it will imp to see where the mkt is during time.
Hence as long as we are above 24650 we are fine.
Trendline- The recent dip bounced back from the channel support.
Hence to me this is strength.
Cycle- on the bottom is a cycle study. The next cycle is around the mid Oct. Here two cycles are merging together hence it will imp to see where the mkt is during time.
Hence as long as we are above 24650 we are fine.
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