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Tuesday 21 July 2015

Nifty might rally to 8750-8850 if 8500-8488 saved-waves and fibo analysis-(CLICK CHARTS TO ENLARGE)

  • We will start III-5th as mentioned in chart which might head to 8750-8850 post which we might see correction till 8500 again
  • Daily Chart trendlines and febo also exactly at 8530, so I expect pullback from here to 8700 plus,.

  • Hourly chart fibo speed fan also indicates that 8529 itself can be support with black line as further 8488-8500 support as told below

30 m chart trendline indicate support can come at 8488 after 8500 and target should be above 8700, rsi also oversold on 30 m chart..today gap at 8520 filled-click to enlarge chart
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