Market View 17082015
WEEKLY TECHNICAL VIEW FOR NIFTY :
NIFTY is Clearly On A Strong Bull Run But After A Correction Which Took Shape Of A Falling Wedge There Was Break Out But The Break Out Seems To Have Lost Momentum
Since Past 6 Weeks Nifty Has Been In A Range Of 8330-8650 Which Is Now generating Confusing Signals
We Will See A 500 Point Nifty Move But It Will Be On EITHER Side
A Comfortable Break Of The Range On Up Side Can Take Us Back To 9100 & The Same On Down Side Can Take Us Back Below 7900 The Later Will Be A Golden Buying Opportunity If It Happens
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