12430 is the crucial point to trade below or above. Long time frame looks a support at 8900 levels. Upper first resistence would be 16800.
If nifty take support on 13th feb at 10800-10814. IT may bounce to 10900 level once again. If breaks down it may test 10740-10780
NIfty levels and elliote wave pattern.
In the charts when we observe every low dint breach previous low. Each low is a higher low. Lets see future.
These are the expected levels for nifty in next series
I m looking Elliott Wave Pattern in NIfty50
It looks my analysis given earlier on Aug 31st about Elliot wave theory on nifty is on the path.
