Wednesday, January 28, 2015

Resisted @ 8985-8970

Dear All,

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

Wave C almost completed. As we wrote Yesterday 8950 to 9000 should act as a resistance, today price made a high of 8985 and came down towards 8900.

>>> Nifty 5 Mins Chart <<<

>>> click the chart to see on full screen <<<

Lets see in detail @ 5 Mins chart - how the price move inside Wave C. The current upmove shall be 1-5 or abc. Hence a possible correction for Wave 4 on the downside possible if the middle line gets break. Lets wait and See.