Nifty opened higher at 9182 and declined just after opening to register days’ low 9050 but bounced back again and closed 5 points down at 9136.
Yesterday, 9192-9237 was immediate resistance and Nifty was expected to decline towards 9043-8811-8628. But staying above 9237 for more than 15 minutes could result in further bounce towards 9429-9584.
Nifty opened higher at 9182 but declined sharply just after opening without entering in resistance 9192-9237 and registered low 9050. Later, 9139-9194 was fresh immediate/intraday resistance same was updated on WhatsApp. Nifty entered in resistance and closed at 9136. Now, let’s have fresh look at latest charts for further scenario.
We are analyzing Nifty on all time frames and let’s start Elliott Wave Analysis of Nifty with Monthly chart.