Sunday, March 22, 2015

NIFTY Near Term By Mar 20 EOD - Sell On Raise

Sell On Raise.

Day Chart Suggests:

  • 5 waves completed at 9119.20, with -ve divergence.
  • So, under-going good correction.
  • So, reasonable to expect NIFTY to touch blue channel bottom (C=8066 approx), with intermediate support at A (8471 approx).
Attached snap shots of NIFTY-Spot (Day Chart), NIFTY1 (60min and 5min charts)

Channels in 5min and 60min charts suggests where to buy/sell.