Nifty wave analysis... as expected pull back from support zone
Nifty made wave "e" low 15671 and given nearly 300 points bounce
nifty made the move as expected...
wave "e" is completed near 15671... and pull back in form of wave "f" started
max upto channel resistance 16150 or fib ratio 50%--61.8% possible
minimum required condition for bulls is to move in to the channel i.e. cross 16150 and sustain
whereas bears will try to sell off the pull back near 16100--200
range 15670------16250 ..
plan your trades accordingly
play the support resistance....
view is just for educational
nifty made the move as expected...
wave "e" is completed near 15671... and pull back in form of wave "f" started
max upto channel resistance 16150 or fib ratio 50%--61.8% possible
minimum required condition for bulls is to move in to the channel i.e. cross 16150 and sustain
whereas bears will try to sell off the pull back near 16100--200
range 15670------16250 ..
plan your trades accordingly
play the support resistance....
view is just for educational
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