Nifty Future

Nifty Future

posted by pssolanki on Sat Jan 02, 2016 05:04 am


Nifty Future Hourly trading at 50% retracement of previous high of 8414. Right-angled Ascending Broadening Wedge also forming from last 5 sessions. RSI is also getting resistance. If price sustain above 8025 and RSI remain above 50, I am expecting Bearish SHARK and if price sustain below 7895 and RSI go below 50, I am expecting Bullish AB=CD.
Thus 8025 < 8091, 8167, 8224, 8276, 8341.
7895 > 7836, 7788, 7740, 7671, 7629, 7582. 

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