Nifty opened higher at 10063 and bounced further to register day’s high 10114 but failed to sustain at higher levels and declined back by more than 100 points from high to register day’s low 10005 before closing flat at 10020.
Yesterday, I mentioned that some sort of Impulse is about to completed may be around 10070-10111 range and a small or big correction is expected very soon after completion of this impulse. And suggested to book profit in all longs and wait for any reversal pattern to form to initiate next trade. Nifty achieved 10070-10111 range and declined back by more than 100 points after registering high 10114. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/nifty-has-possibility-to-decline-towards-9956-9859-in-coming-days-elliott-wave-analysis/
Yesterday, I mentioned that some sort of Impulse is about to completed may be around 10070-10111 range and a small or big correction is expected very soon after completion of this impulse. And suggested to book profit in all longs and wait for any reversal pattern to form to initiate next trade. Nifty achieved 10070-10111 range and declined back by more than 100 points after registering high 10114. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/nifty-has-possibility-to-decline-towards-9956-9859-in-coming-days-elliott-wave-analysis/
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