Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2). The depth of the wave cannot be determined in current state & its shape but...
Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is...
Nifty would go higher from current levels with first targets around 8775 and second targets around 8900.
CNX PSUBANK near a tough resistance which has given plenty of trouble in past. can it break this time ? above 3365 a convincing close may lead TGT 3393/3601 only above this psu bank may fire up.
Waves are fractal. That means the trade can only be taken by judging the waves in live market.