Fate of NIFTY, in daily perspective.

Fate of NIFTY, in daily perspective.

Nifty traded below point "D" of Ideal Harmonic "AB = CD" pattern since Last 3 trading days. Where Point "D" at 10082.9.
On Monday Made a High at 10088, above Point "D", but missed. So, 10082.9 much more Crucial.

If Bulls Take Control:
Scenario #1:
If Crossed & Settled above 10082.9
NEXT to Watch 10165.3
Where Harmonic AB = CD,
Extended D = FIB Ext 1.13 of BCD

Scenario #2:
If Crossed & Settled above 10165.3
NEXT to Watch 10255.4
Where Harmonic AB = CD,
Extended D = FIB Ext 1.272 of BCD

Scenario #3:
If Crossed & Settled above 10255.4
NEXT to Watch 10345.4 & 10474.8
FIB Ext 1.414 & 1.618 of BCD respectively.

If Bears Take Control:
Scenario #4:
If Failed to Cross & Settled below 10082.7
NEXT to Watch 9947.2 (Strong)
Though 10010.6 (Minor) Support is there.

Scenario #5:
If Failed to Cross & Settled below 9947.2
NEXT to Watch 9840.7 (Strong)
* May be witnessing some Pull Back from here
Though 9891 (Minor) Support is there.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

LIKE / Comment /Share, If useful & enriched your knowledge.

With Warm Regards.
DSKF16.

Comment:

Can Members Noticed One Thing,
on 08th Aug 2017 (Last Trading Day) made LOW @ 9947.
Mentioned "Scenario #4:
If Failed to Cross & Settled below 10082.7
NEXT to Watch 9947.2 (Strong)"
ONLY Difference ONE FIFTH of a Point (0.20).

Comment:

Today Bounce from 9685.55
Notice 9691 (Plotted Level on chart.)