NIFTY CLOSED ABOVE 8100 BULLS ON UPPER HAND.
SAR:8021NS.
NIFTY TAKEN SUPPORT @8021 END OF WAVE1(4) AND WAVE 1(5) STARTED, WE WENT LONG FROM 8040NS AND BOOKED PROFIT NEAR 8108 LEVEL.
NIFTY IS IN BUY MODE AS CROSS PREVIOUS HIGH AND SURPASS 8105 NOW TARGET CAN BE 8118 TO 8136 AS NEXT COMING RESISTANCE AS 1(5) NOT YET OVER.
NIFTY IF NOT ABLE TO SUSTAIN ABOVE 8150 THEN IT CAN MOVE DOWN TOWARDS 8080 TO 8040 LEVEL. BREAK OF 8021 CAN SEE 7985-7965 LEVEL.
ABOVE 8147 CAN SEE 8160-8170 LEVEL.
SO NIFTY IS NOW BUY ON DECLINE AS LONG 7895 LEVEL HOLDS FOR 8250-8275 LEVEL.
BELOW 7895 NEW SOUTHWARD JOURNEY WILL START.
TILL THEN HAPPY TRADING.
WISH YOU A WONDERFUL HAPPY NEW YEAR 2017.