September 29, 2017

Nifty can Bounce Above 10178 in Coming Days – Elliott Wave Analysis

Nifty opened almost flat at 9736 and declined to register day’s low 9687 but bounced from lower levels by 100 points to register day’s high 9789 before closing 33 points up at 9768.

Yesterday, I explained that an Irregular correction is about to completed in 9695-9619 range after which there is a possibility of sharp bounce for new high above 10178.I suggested to exit all shorts and avoid fresh shorts until we get any confident bearish pattern and suggested to buying 10000 Oct call to hold till further updates. Nifty entered in 9695-9619 range and bounced back by 100 points. Let’s have a fresh look at latest charts for further scenario.


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