Thursday, March 31, 2016

Nifty daily analysis



Overall, 7740 -7760 will act as strong resistance for the Nifty and failure to hold above these levels will creates strong possibility of negative bias (temporary correction around 7400-60-80 levels). Only   stable move above these levels will lead continuation in rise…..so the investors are advice to keep eyes on 7740-60 levels while building long positions…).

  As of now , we considered the fall from 12440 to 7500 levels as wave A of   triangle. When wave B exceeds 1.236% of   wave A then it could...