Monday, November 28, 2016

NIFTY WEEKLY EW UPDATE

Hi Friends,

In my previous post I mentioned about possible Bottom in Nifty upon breakout above 8550. After testing 8000 on News of Demonetization Nifty rebounded sharply. Bulls tried to cross 8550 however failed to sustain above it. Nifty started declining again and tested 7916. Nifty tested important support of previous Swing Low and started bouncing again and closed above 8100.

For detailed Analysis and Chart follow the link below.

http://trend-o-nomics.blogspot.in/2016/11/nifty-weekly-ew-update.html

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