July 12, 2017

Elliott Wave Analysis and Trading Strategy of Nifty for 12 July 2017 Onward

Nifty opened higher at 9797 and bounced further to register new life time high 9830 but failed to sustain at those higher levels and declined back to register day’s low 9778 before closing 15 points up at 9786.

In my last analysis report (for 10 July), I expected a bounce above 9700 and suggested to sell Nifty at 9719 using stoploss of 9751. Nifty bounce above 9719 but stoploss of 9751 was triggered and it bounced further today to register new life time high 9830. Now, let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/elliott-wave-analysis-and-trading-strategy-of-nifty-for-12-july-2017-onward/

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