October 17, 2017

Elliott Wave Outlook of Nifty for 16 Oct 2017 Onward

Nifty opened higher at 10123 and traded with huge strength for rest of the day. Nifty bounced more than 90 points to register life time high 10191 and finally closed 71 points up at 10167. Let’s have a fresh look at latest charts for further scenario.

Friday, short term and medium term outlook was bullish for bounce above 10178 in coming days. Trading strategy was “Buying on Dip” until Nifty achieves 10178 with 10066 as immediate breakeven point on downside. Nifty achieved new life time high above 10178 on Friday which we calculated 2 weeks before near 9700. Now, let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/elliott-wave-outlook-of-nifty-for-16-oct-2017-onward/

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