NIFTY OUTLOOK FOR 01/04/2015
BULLS JUMP ABOVE 8533 AND TEST 8550,
BUT NOT ABLE TO SUSTAIN ABOVE 8533,
SLIP BELOW 8500 AND NIFTY CLOSES FLAT AT 8491,
BUT NOT ABLE TO SUSTAIN ABOVE 8533,
SLIP BELOW 8500 AND NIFTY CLOSES FLAT AT 8491,
NOW BIG RESISTANCE PLACED AT 8533-55 LEVEL,
ABOVE 8555 BULLS MOVE FURTHER MORE UPSIDE,
IF BULLS FAILS TO JUMP ABOVE 8555 THEN
FOLLOWING PATTERN TARGET WILL BE TESTED BY BEARS,
ABOVE 8555 BULLS MOVE FURTHER MORE UPSIDE,
IF BULLS FAILS TO JUMP ABOVE 8555 THEN
FOLLOWING PATTERN TARGET WILL BE TESTED BY BEARS,
THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,
AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8422,
ABOVE 8466 BULLS CAN TARGET 8600 AND 8688,
BELOW 8377 BEARS CAN TARGET 8244 AND 8155,
NOW THE WEEKLY PIVOT IS 8422,
ABOVE 8466 BULLS CAN TARGET 8600 AND 8688,
BELOW 8377 BEARS CAN TARGET 8244 AND 8155,
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