Nifty Future can test 5560 - 5565 level...A upside Chanel resistance is there.( 1st figure).
Now look at 2nd figure...NF hits the resistance and came back..If tomorrow NF can cross this Chanel resistance or today's high, then can test 5560-5565...A up side Chanel resistance in monthly chart.
For bigger up move NF should not break the green line, if at once start any fall. Nearest support existing at 5446 and 5413, and below that green line..
Expecting major down side if break this green line.
If NF sustain above 5565, then have to think a new wave started, A fresh new Impulse wave or Big "B" wave. The picture will be clear very soon.
Will post... when time permits.Posting for Educational purpose
Thanx, a lot . Has the daily candle formed a evening star/doji/hammer indicating down or today's move will give a confirmation ?
ReplyDelete15th's High and low are crucial for today.