NIFTY VIEW FOR TOMORROW 21 DEC:
SHORT TERM : 4300-4200
TREND : DOWN
REVERSAL : 4640
TIMEFRAME : 1-5 days
Nifty closed below yesterdays low extending in wave iii so targets are moving down quickly and I can see 4300-4200 on fibonacci calculations. 4640 is a short term reversal and resistance level from here on. Today the Nifty also closed below the one year falling channel. This often leads to a throw under below the channel and should involve a capitulation in prices as long as we are below the channel line of 4565. Today was also an outside bar so a close below 4531 todays low would be a trend continuation.
NIFTY LIVE TIPS on MOBILE ???????
