Nifty Analysis for 06 Oct

6 ott 2020

Wave X as marked on chart shall be valid only if it smaller than Wave C ie, Nifty doesn’t break 11620 mark .. yesterday’s day high of 11579 will be key resistance.. if Nifty manages to break n sustain above it, may test next resistance zone of 11635-11655, in which case Wave X shall not be valid and one can expect further up move in days to come .. however if Nifty is not able to break 11579, expect some correction for today .. wait for price action at imp support n resistance levels as marked on chart .. expecting an initial up move till 1030-1045 hrs followed by some correction .. second half especially after 1400-1415 hrs may experience some volatility