As suggested in previous idea, the rejection at 11300 level might push nifty towards 11075(gap and S2) and 10830 levels(gap and S3), but if we have a look at EW, the corrective structure has ended at 10790.20 and an impulsive move was initiated.
If Nifty holds above S1(11155) and crosses 11305(R1) we could expect R2(11450), R3(11600), R4(11754).
Downside Only below S1 we can expect S2 and S3.
Overall till 10790.20 is not breached, the market is bullish.
Regards.
If Nifty holds above S1(11155) and crosses 11305(R1) we could expect R2(11450), R3(11600), R4(11754).
Downside Only below S1 we can expect S2 and S3.
Overall till 10790.20 is not breached, the market is bullish.
Regards.
