November 22, 2017

Elliott Wave Outlook of Nifty for 22 Nov 2017 Onward

Nifty opened higher at 10329 and bounced further to register day’s high 10358 but declined sharply by more than 40 points before closing to register day’s low 10315 and finally closed 28 points up at 10326.

Yesterday, bounce above 10343 was expected with 10261 as stoploss. I didn’t suggest any exact trade because minimum upside target was just 40 points away and there was no indication of any big one sided move. Nifty achieved 10343 as expected and then declined back after registering 10358. Now, let’s have a fresh look at latest charts for further scenario.


No comments:

Post a Comment