Hi friends,
Nifty fell on global weakness ,Which according to wave looks like 3rd wave end
Look for counts in old post here Nifty counts .
Lets look at the current picture now with nifty has breached 6250.
Nifty is trading below 6250
the first level below which
weakness was expected
If we see the structure of fall
till 6250 is not breached
it would be a impulsive fall
and would give more clues
about further move.
So look for 6250 as important
level.
Remaining below that nifty should target 6160.
Regards
Rish.
Nifty fell on global weakness ,Which according to wave looks like 3rd wave end
Look for counts in old post here Nifty counts .
Lets look at the current picture now with nifty has breached 6250.
the first level below which
weakness was expected
If we see the structure of fall
till 6250 is not breached
it would be a impulsive fall
and would give more clues
about further move.
So look for 6250 as important
level.
Remaining below that nifty should target 6160.
Regards
Rish.
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