Nifty as discussed in previous post here
faces the resistance (@8690) at the trendline and fallen below the support (@8550) line as mentioned and done 8406 around from 8650.
Now what is next??
As Now it has again strong support at 8400-8410 range it can bounce from here or can go down. If took the support and moves up from here above 8440-8450 range then can move to 8500 but will face multiple resistances and if broken that then we can see more fall towards 8330-8340 range as there is gap in this range which nifty can try to fill. Below this range of 8330-8340 if nifty again goes down then we can see 8290-8300 range.
Rest continues and we will discuss it again when any breakdown or breakout is going to occur. Lets see...Wait n Watch..
Your ideas welcome please post your views regarding it what you think.
Now what is next??
As Now it has again strong support at 8400-8410 range it can bounce from here or can go down. If took the support and moves up from here above 8440-8450 range then can move to 8500 but will face multiple resistances and if broken that then we can see more fall towards 8330-8340 range as there is gap in this range which nifty can try to fill. Below this range of 8330-8340 if nifty again goes down then we can see 8290-8300 range.
Rest continues and we will discuss it again when any breakdown or breakout is going to occur. Lets see...Wait n Watch..
Your ideas welcome please post your views regarding it what you think.
