NIFTY CLOSED POSITIVE ON WEEKLY CHART LOOKING STRONG BUT STILL BEARISH ON MONTHLY BASIS.
MONTLY CHART SUGGEST WE ARE IN LONG TERM BULL MARKET OF MAJOR WAVE 3.
WEEKLY CHART SUGGEST WE ARE IN C(B) WAVE.
RSI BREAKOUT FROM RANGE.
MAY BE 1 TO 5 OVER OR 5 IN PROGRESS FROM 7895NS.
NIFTY HOLDING 8160 CAN MOVE ABOVE 8197> 8210 TO 8265 LEVEL. BELOW 8150 WE CAN SEE RETRACEMENT OF 7895 TO 8197 NS. 38.2%, 50% & 61.8% COMES TO 8081-8046-8010NS.
HOLDING 8010 NS CAN SEE FURTHER MOVE TOWARDS 8300-8425 LEVEL .
BEARISH BELOW 8008 CAN SEE 7893 LEVEL.