NIFTY nearing resistance zone ? Keep your fingers crossed for next big move ....

                                                  
                                                                          Daily Chart

NIFTY falling towards 8065 from 8410 odd levels now retracing 0.764 of its move nearing resistance zone 8356 - 8370. The retracement also syncs with higher end of the pattern channel now trading near crucial trend decider levels.

The next move can probably dictate the trend for the markets till the end of the month & can be big. The pattern indicating _ _ _ signs and the break of the key levels can be trend decider. Along simplified fibonnaci & pattern analysis other advanced tools can help to manage Risk and can add edge in catching the big moves.

R - 8356/8410
S - 8290/8250

Raju V Angadi

Equity Research Analyst

To Learn simplified objective approach applying Advanced concepts of Elliot Wave Theory in conjunction with Dow Theory & Psychological traits to trade with some common sense & optimize your investment / trading decisions contact on:

 rvangadi@googlemail.com  (OR) +91 78291 55900