NIFTY can make near term bottom

                                                                       NIFTY Hourly chart

NIFTY has made double bottom near 8055 (Fut) levels

Hold on these levels also will confirm the completion of potential 5 - wave decline from  8484.

RSI showing Positive divergence is well.

If hold true can retract back towards 8192 - 8200 and 8285 levels.

Raju V Angadi

Equity Research Analyst

Note: Short Term counts and key levels have been hidden purposefully.

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:

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Note: This report is for educational purpose and the specific levels have not been mentioned.