Nifty: CMP 9852
Friends, hope you noticed my previous Nifty analysis also. I predicted 9525 to 10000 level when nifty was trading 8100+ zone and Nifty hit my all targets already. Now what?
Ya its running wave C and I mentioned again and again 10500+ is 1.61 fib which also can be a possible technical level for Nifty to hit. But before that I think 9925-9989 is a powerful resistance zone for Nifty and it has to break it for crossing 10150 level. Its very much possible that Nifty can give a correction to my mentioned resistance zone from 9772-9559-9332-9184-9030. Next powerful support zone for Nifty should be 9012-8848. Nifty has to hold that zone for getting any reversal. Otherwise we can see a new low in coming days.