Nifty Weekly Update

Published: Wed, 12/18/19

16 Dec 2019

The weekly Elliott Wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt of our observations from recent publications.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE

On weekly charts Nifty made a higher low this week compared to the previous months low of 11810. I show that on the hourly chart below, where you can also see the breakout from the falling channel on hourly charts that took us to the next swing high and resistance near 12081, also close to 78.6% retracement at 12089. So once we sustain above 12090 in general we can say that we are heading back to new highs...... READ MORE

nifty 161219

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Rohit Srivastava
www.indiacharts.com
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