Nifty 50 analysis for 30 Sep
It appears that the impulse in upward direction completed at 11300 levels and its correction has commenced. Wave b of the correction is unfolding. The resistance and support (+/-10) for tomorrow as marked on chart are
R1 - 11280
R2 - 11330
S1 - 11180
S2 - 11085
Overall view on Nifty for tomorrow is bearish. Expecting an initial upward movement for first one/ one and half hour followed by Wave c in downward direction anytime after 1100hrs .. If Nifty manages to break 11180 levels, expecting it to test 11080 levels as well.
R1 - 11280
R2 - 11330
S1 - 11180
S2 - 11085
Overall view on Nifty for tomorrow is bearish. Expecting an initial upward movement for first one/ one and half hour followed by Wave c in downward direction anytime after 1100hrs .. If Nifty manages to break 11180 levels, expecting it to test 11080 levels as well.
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