Hi friends,
Had mentioned in Nifty 14th march about the fall supports
and levels of reversal ,Nifty went to said support zone ie 6430 and reversed.
Lets look at present structure.
Overall we saw
a nice abc zigzag
correction and
reversed up,Now
nifty has potential
to test 6600,6650
and in good case even
6700+ in good case.
Todays support lies at
6480 levels.
6700+ level coincides with rising trendline resistance.
Regards
Rish
Had mentioned in Nifty 14th march about the fall supports
and levels of reversal ,Nifty went to said support zone ie 6430 and reversed.
Lets look at present structure.
a nice abc zigzag
correction and
reversed up,Now
nifty has potential
to test 6600,6650
and in good case even
6700+ in good case.
Todays support lies at
6480 levels.
6700+ level coincides with rising trendline resistance.
Regards
Rish
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