NIFTY CLOSED BELOW 8600 AHEAD OF UNION BUDGET DAY- NIFTY IT(H-1B VISA) PUT PRESSURE.
NIFTY LOOKS BEARISH & DOWNSIDE IS MORE THAN UPSIDE. BELOW CHART INDICATING IF 8455 BREAKS THEN
8190 LEVEL CAN SEE. BELOW 8150 NIFTY WILL HEAD TOWARDS 7975 LEVEL. RSI ALSO DECLINE.
AS PER HOURLY EW COUNT EITHER 5TH DONE @8672 IF NOT THEN INNER WAVE 5(IV) COMPLETED TODAY
@8552 LEVEL AND 5(V) IS PENDING WHICH WILL BE DONE ABOVE 8672 LEVEL. 5TH WAVE MINIMUM TARGET 8766 .
ABOVE 8795 CAN SEE 8897-9029-9070-9111.
UPPER RANGE & LOWER RANGE GIVEN ABOVE BASED ON THAT TRADING STRATEGY ON UNION BUDGET DAY(INTRADAY DAY):
BUY ABOVE 8620NS.
SELL BELOW 8522NS.
NIFTY DONE 8711 IN ITS 5TH WAVE. WE BOOKED PROFIT@8735NF TAKEN LONG FROM 8585NF.