Nifty H1

General Overview  for 18/20/2013:


The corrective wave 2 purple must has been finished sonner that I have expected and Nifty index had made a new high now.
Nevertheless, the overall momentum for wave (i) is diminishing now and soe sort of correction is needed. The Key Level for the corrective cycle bottom is 5900. If this level is broken, then price might test the GAP level and oveall correction will become more complex.

Support/Resistance:
6275 – WR1
6065 – Weekly Pivot
5986 – WS1
5900 – Key Lecvel
5775 – WS1
5696 – WS3

Seb

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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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