July 5, 2017

Elliott Wave Outlook and Trading Strategy of Nifty for 05 July 2017

Nifty opened higher at 9645 and registered day’s high 9650 but failed to sustain at higher levels and declined by 55 points to register day’s low 9595 followed by bounce again. Finally, Nifty closed just 1 point down at 9613.

Yesterday, further bounce towards 9649-9690 was expected followed by the possibility of decline towards low below 9448 and suggested to Buy 9800 July Put in 9649-9690 range with stoploss of 9699 expecting targets below 9448 in coming days. Nifty bounced above 9649 and declined till 9595 and 9800 July Put bounced from 189 to 226 and closed at 201. Let’s have fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/further-elliott-wave-outlook-and-trading-strategy-of-nifty-for-05-july-2017/

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