Wednesday, January 20, 2016

20% correction Done! ! !

Good Morning Everyone,

After a bounce of yesterday Nifty continued its downward journey once again by opening negative by almost 100 points.

In a freak trade, Nifty created a high of 7470, again failing to cross the resistance level mentioned early.

At 7320, Nifty has completed around 20% correction from its peak level of 9119.2.

As expected earlier, below 7440, the targets of 7200-7100 are looking certain after today’s fall.


Bulls are really praying for a signal on charts which is not been seen on charts of any timeframe as of now....

Cheers

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