April 28, 2017

Nifty can Bounce Sharply Towards 9406-9470 in Coming Sessions

Nifty opened mild higher at 9359 and consolidated in 45 points range between 9322-9367 for rest of the day. Finally Nifty closed just 9 points down at 9342.

Yesterday, 9257 was the reversal point and stoploss for longs and bounce towards 9406-9470 was expected in coming days. Also suggested to buy Nifty if decline towards 9275-9257 using stoploss of 9549. Nifty consolidated in 9322-9367 range. Let’s have a fresh look at latest charts for further scenario.

Today I am covering decline from earlier high 9273 and previous counts are explained in my earlier report Nifty Likely to Give Good Move Either Side – Elliott Wave Analysis

Read more at http://sweeglu.com/nifty-can-bounce-sharply-towards-9406-9470-in-coming-sessions/

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