April 17, 2017

Elliott Wave Analysis and Trading Strategies of Nifty for 17 April 2017

Nifty opened flat at 9202 but declined sharply just after opening and traded with negative bias of rest of the day. Nifty decline by more than 50 points to register day’s low 9144 before closing 52 points down at 9150.

Friday, a bounce above 9273 was expected without breaking below 9131 and suggested to buy Nifty 9200 April call in 9200-9131 range with stoploss of 9130 expecting minimum target above 9273. Nifty traded in 9144-9200 range for whole day and closed at 9150.

Let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/elliott-wave-analysis-and-trading-strategies-of-nifty-for-17-april-2017/

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