Nifty 50 Futures H4

General Overview for 25/11/2013:
The correction has not been finished just yet and there is more downside possible up to 5880 level. From that level the price should bounce back up and trend should resume.

Support/Resistance:
6386 – WR2
6216 – WR1
6086 – Weekly Pivot
5957 – WS1
5880 – Target for wave (ii)
5845 – WS2

Trading Recommendations:
Buy the 5880 level with tight SL.

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About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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