nifty anylasis

nifty 24.4.2016 anylasis

nifty anlyasis: 24.4.2016

nifty fut close 7915

Last 4 weekly report anyalsis we are saying we are heading higher after we get first close above 7606 and we maintain our anyalsis to hit nifty upper monthly level 7994-8005-8145

just it hit 7984 high…. What we anylasis last march from 6833 we rally to 7984 every lower swing we are catching for buy for higher monthly tgt we expected and last it reach.

Last 2 days we are mentioning 7880 support zone. Friday made low 7881 and bounce to get weak and small correction nifty need to break 7880-7860 zone.. unless didn’t break no sign of weakness in mkt will come again second leg of upmove will come once cross nifty fut 7955 which lead nifty to higher zone again. Breaking below 7880-7860 zone weakness will start which can deep toward 7800-7725-7680  sign showing.. again higherlevel swing is possible for tgt 8050-8110.

We are cautious on higher level now as nifty reaches above 8080-8150 zone .

More update after nifty touches 8080-8150 zone what further  move shows. Higher level cautious is advised. If nifty didn’t fall from 7880-7860 zone and jump to 8080-8150 chances are very bright to correct from higher level 8080-8150 to 7725-7680 zone..

Expiry expected above 7950 if 7880 hold.

let see this week nifty weekly closing we are in 13 month closing this month... 4 march was top 9119 so keep watch 5th may high....

we already now in 8^th week rally… from low.. where we getting short term top in coming days or week should be observed as it will shift this mkt for good healthly correction for 13week.. if any negative news of global mkt start correction.
this month closing will decide bear bull level for next move.... jan feb bear month march april shifted to bull month

we will update more with mkt live as per move shift in coming days.
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