ANALYSIS BASED ON TECHNICAL PARAMETERS (NO NOISE) NIFTY WILL REMAIN BULLISH TILL COMPLETION OF INTERMEDIATE SUB WAVE CORRECTIVE CYCLE. BUT ON HIGHER DEGREE WAVE CYCLE THINGS LOOK REALLY NASTY. OPTION CHAIN ANALYSIS,DOW INDUSTRIAL ELLIOT WAVE CYCLE ,S&P 500,ALL LOOKS REALLY BULLISH,BUT NIFTY DEPICTING ALL TOGETHER DIFFERENT STORY. I DON'T KNOW SOMETHING ON GLOBAL FRONT...CUES AWAITED. ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE. TRADE AS PER SELF RISK APPRECIATION.
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WATCH OUT FOR LEVEL 10755
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if 10755 breaks and remains so 1 hr....take it...what i said in my original post.
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level revised 10716 if breaks(waiting for second confirmation) and remains so...