Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.
Bullish cypher will form at 60 $ if price will be reach in next week
second indication as the past one bullish strong engulfing s 50% support is there at this level
as the demand zone near 60$ if price come MCX crude 3950-70 k then strong buy recommended
buy around 86.3 sl 84 target1 87.75 target 89.45 target3 91.90
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Hope I have explained most of the scenario's within chart itself & the one I missed out is Nifty reaching 8480's n reversing. I tried Elliott's on hourly & its just as bad as it can get, so I simply skipped that, whichever you don;t feel comfortable with - Skip it. If there is any doubts in this chart or other, feel free to drop a comment to reach out.
I'm not ...