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Nifty Update

25 Feb 2021 ‚óŹ 06:31 AM

Nifty seems to have completed wave 2 and wave 3 on the upside might have started. At this time nifty is facing 61.8% retracement resistance which is 15127. Going past this on a closing basis we can rule out that this B wave.
The next hurdle will be at 15431.if we consider equality of wave 1.So if we take wave 3 = wave 1 then wave 3 should reach 16600.
support of 20 dma is at 14909.

Nifty seems to have completed wave 2 and wave 3 on the upside might have started. At this time nifty is facing 61.8% retracement resistance which is 15127. Going past this on a closing basis we can rule out that this B wave.

 

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