Thu 21 Dec 2017 Nifty View

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Hi All.

Today what Nifty and BN will do for the rest of the day depends on what they do in first 5 minutes after opening.

Right at the opening there is a support, which if held, Nifty and Banknifty can scale up to new highs by tomorrow.

If broken, Medium Term downtrend has started.

Stay tunes for updates.
Note
Going long with SL at 10430 NS
Note
Kindly reverse the position, BN already below yesterday's closing
Note
SL for short 10480 NS
Note
As said in the morning post both indices are moving down albeit in a slow fashin. This will end only tomorrow. so short position needs to be carried forward.
Beyond Technical AnalysisTrend AnalysisWave Analysis

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