Nifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking.
Or if buying is done this level it should be done with proper hedging with PUT option/ Gold.
The charts are pretty self explanatory with comments at each points.
Weekly chart analysis of Nifty ...
Hello All ,
Markets waiting for todays US FED rate hike decision:
Just some observations on:
ABCD pattern : I know BC has to be .61 of AB , but in this case its 0.5 So
1.23 projection is 9220 ,
1.38 projection is 9380,
1.5 projection 9510 (<---- IT and Pharma need to support)
Previous down leg from sep 2016 to dec 2016 is : 16 Bars
Bar Counts from 26 dec...