PRZ mentioned 525 pts rally so atleast pull back possible Good RR
Trading Perfectly in Channels trade According to RR
Nifty Sell on Rally Again at work
started bottom picking lets see
WE HAD A 300 PTS FALL FROM 8806 UPTO 8506 SO RETRACEMENT POSSIBLE TCL 8693 @61% BELOW 8550 WE CAN GO UPTO 8505 - 8480 - 8450 ABOVE 8600 WE CAN GO 8656 - 8693 - BULL
We had a 340 point fall now we had retraced around 0.382 so Max possibility upto 8608-8666-Bull. downward channel now becoming more steeper!!
FROM 8968 NIFTY MOVING DOWN SO - IS THE NEXT TARGET 8470 SUPP 8620-8600 RES 8720-8777-BULL
STILL UNABLE TO BREACH 8743 FOR UPSIDE ( BULL ) AND 8736 FOR DOWNSIDE( BEAR )
NIFTY RETRACED AFTER FALL. 8743 NEXT TARGET FOR UPSIDE AND SUPPORT AT 8658 - 8600
if 8540 gets taken out then 8450 and below that 8300
nifty closed above 8760 took nifty to 8800 Sustaining below 8740 can take it to 8700 then 8650 Now it need to close above 8800/8820 for next fast move to 8888