Nifty' made a new high and closed above the midpoint of the previous candle formed a failed Dark could cover in daily chart. A close below the current level will confirm a bearish move. Indicators are in bullish zone (ie: over sold) and it can prolong there for any longer time. The negative divergence (lower highs in the indicators) is a concern. Overall, since we assume that we are in a wave 3, can expect a higher target than the current top. Especially in the 3rd top, one must be cautious about many heads and shoulders like iv of 3, then v of 3, then the 4 itself will be a major correction & finally on wave5 completion a Big fall ,is the sequence to follow. Hope that we are in v of wave 3 from 9688.
Nifty' 10104 marked earlier will be the negation point for the above view, and nifty' will have strong support at 10260.
For Mon 20171030
Nifty': 10323.05 Day Pivot: 10334
Above 10341 today’s Resistances are 10352 10369 10387 10398
Below 10305 today’s Supports are 10294 10277 10259 10248
Weekly Pivot: 10271
Weekly above 10374 Nifty’ Resist: will be 10405 10455 10506 10537
Weekly below 10273 Nifty’ Supports will be 10241 10191 10140 10109
Nifty' 10104 marked earlier will be the negation point for the above view, and nifty' will have strong support at 10260.
For Mon 20171030
Nifty': 10323.05 Day Pivot: 10334
Above 10341 today’s Resistances are 10352 10369 10387 10398
Below 10305 today’s Supports are 10294 10277 10259 10248
Weekly Pivot: 10271
Weekly above 10374 Nifty’ Resist: will be 10405 10455 10506 10537
Weekly below 10273 Nifty’ Supports will be 10241 10191 10140 10109