Further to the earlier post Nifty50 and updates the chart suggests NS has reached
the maximum pull back and ready to start correction. On Monday move below 8220 and
close below 8220 confirms the correction. The pattern marked in chart also suggest
and what remains for confirmation is the fall of stochastic below 80. The 8260 is
a crucial point which was resisted by the bears today. Bulls needs to recover 8260
and stay above there atleast 15 minutes for any chance of moving up.
the maximum pull back and ready to start correction. On Monday move below 8220 and
close below 8220 confirms the correction. The pattern marked in chart also suggest
and what remains for confirmation is the fall of stochastic below 80. The 8260 is
a crucial point which was resisted by the bears today. Bulls needs to recover 8260
and stay above there atleast 15 minutes for any chance of moving up.