Thursday, June 02, 2016

Next 8250 or 8268

Dear All,

>>> Nifty 5 Min Chart <<<

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

It was a choppy and volatile ride in nifty for last 4 trading days. So above chart may give your some clarity about whey and how the price moving.
Have tried mark and hope its not wrong. Price moving for the last 5 wave - shows it may possible consolidate before completing for 5th wave. Watch out for 5250 or 5268 to cross and hold.

>>> Bank Nifty 5 Mins Chart <<<

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

Bank Nifty 5 mins - same like nifty - consolidating for last 4 days. As per above analysis, it seems like price may consolidate further for last leg of upmove. Lets wait. Cheers!!!