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NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points.
Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL.
But long term view market fell to 6725 with in ...
TARGET 1 357 SL 332
TARGET 2 374.71
In case you prefer positional trading Nifty has undergone shift in volatility with divergence and break of resistance. The momentum has changed to downwards.
If price breaks 8402 with shift in resistance expect nasty fall, minimum TGT 8367, level of retrace 8346, for more info check chart
This is a weekly update following our monthly, daily & probability analysis
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Now to the analysis,
following our daily update,
Looking at NIFTY WEEKLY CHART WE HAD SEEN STRUCTURAL FRACTAL MOVE from MAY 2014 to FEB 2016 .. And after making high of 8968 it showing same indication .. So just Pre-empting same structural move
Pattern void abv 8968 and more indication below 8550