Elliott Wave Outlook and Levels of Nifty for Tomorrow 27 Nov 2015
Nifty opened mild gap up today at 7837 and bounced sharply above 7880 followed by range bound consolidation between 7866-7897 before closing 52 points up at 7883.
Yesterday I expected Nifty to give a short term bounce and also suggested to buy Nifty if break above 7843 using 7822 as stoploss expecting intraday targets 7880-7915. Nifty broke above 7843 just after opening and also achieved our target range 7880-7915 without breaking below 7822. Let’s have a look at latest charts now.
Today I am showing Elliott wave counts only after 16 Nov low 7714 as previous counts are same as I explained in my yesterday’s report Nifty EW Analysis for 19 Nov 2015 – Perfect Example of 3-3-5 Flat Correction. The chart given below is same as I explained in yesterday’s report as there is no change in it.
No comments:
Post a Comment