Nifty cmp approx 10150 is undergoing a corrective for past many days ---while the corrective might not end but an impulsive move of about 150 points is building up in index , the likely targets are marked by red horizontal lines, the direction of move is NOT clear presently
the traders should observe hourly charts for trade entry the impulse will likely occur on monday 25 march
2 the big corrective will Only end on move and close above 10550 or below 9975......it might take some more days .....probably 4 weeks including the current one starting from monday 19march.
this is NOT based on elliot wave ,complex corrective simply used for prolonged sideways move
THe support channel we drew earlier on day charts has served well
the traders should observe hourly charts for trade entry the impulse will likely occur on monday 25 march
2 the big corrective will Only end on move and close above 10550 or below 9975......it might take some more days .....probably 4 weeks including the current one starting from monday 19march.
this is NOT based on elliot wave ,complex corrective simply used for prolonged sideways move
THe support channel we drew earlier on day charts has served well