If holds below 9850 then it is good for target 9820-9790-9770.
Nifty should not sustain above 9850 which is a psychological level.
Previous Update - at 9775
Bearish Gartley is still active until X-Wave@9885 is taken out. Long positions will come in force only above 9885 or we look downside as expected above.
Look it turns below 9885 from 9876 - Risk of 9 points & we are in the wave.
See how 9850 is holding so either one takes sell below 9850 or sell close to the top as we did few mins ago. You can't change the bus in between.
Again it turns upside from 9850 exact.
4 times Nifty turning above 9850 - How strong 9850 level is one can see in this 1st half session of the market.
Our Headline - "No Shorts below 9850"
Sorry for the typo error - " No shorts or selling above 9850 - can sell below 9850"
Nifty is playing box match. How many of you have played box match in your childhood.
Out of the Box will decide the next travel plan.
Wish You Happy Ganesh Chaturthi!
May Lord Ganesha help all of us to keep our emotions away while playing the box match.
Have Fun & Enjoy the Weekend.
Good Morning All,
9850 has acted as very good support for the nifty yesterday so holding 9850 support - we have positive bias that means keeping stop loss below 9850 we will look for 9900-9930 as our target zone next
Also, keep in mind 9850 cannot be broken - if it breaks then we have to be cautious or careful.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ