Week End Study : #nifty spot closed @ 10264 #nifty #waves count in Monthly #charts : We are in corrective phase. In monthly chart, nifty is moving in big red bullish channel where it seems wave 3 has completed at top of the red channel and 4TH CORRECTIVE WAVE IS IN PROGRESS..
If Wave 2 is a sharp style of correction, than Wave 4 will be a sideways style of correction.
Wave 2 had given sharp correction in 2008.
So wave 4 can be sideways in 2018.
Important supports on downside :
1. 10000-9950
2.9500
3.9200-9000
====================================================
FOR MORE INFO on INTRADAY service :
PLZ CONTACT : md22trader@gmail.com
OR
FILL THE CONTACT FORM:
OR
We are on twitter too : https://twitter.com/MDstockmagic
Comments
Post a Comment