This Elliott Wave Analysis Report of Nifty for 29 Dec 2015 I am posting as updates on my yesterday’s report Elliott Wave Outlook of Nifty for Dec 2015 Expiry Week as outlook given in this report is almost failed.
Nifty opened flat today at 7963 but bounced sharply and traded with strength for whole day. Nifty bounced gradually to register day’s high of 7937 before closing 64 points up at 7925.
Yesterday I suggested selling with stoploss of 7889 which triggered within first 15 minutes of trade. Nifty also breached 7919 which was 61% projection I also suggested last stoploss for any shorts because I was not able to conclude the pattern after breaking above 7919. Now, let’s see what is there for coming days.Read more at http://sweeglu.com/elliott-wave-updates-of-nifty-for-29-dec-2015-onwards/