NIFTY SPOT LEVEL ON BIG EVENT-UNION BUDGET-1ST FEB 2017

 

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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
 
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8190 LEVEL CAN SEE. BELOW 8150 NIFTY WILL HEAD TOWARDS 7975 LEVEL. RSI ALSO DECLINE.
 
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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.
 
 
 
 
 
 
 
 
 
 

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