#NIfty sustained abv important resistance 9040-50, with that It confirmed, one leg of wave either as "a" or "i" has been completed and next up leg will be as wave b or ii. In this wave we can expect retracement of "i" up to 61.8% where 9286 level is placed near blue channel. Micro/Macro wave confused me lot earlier and forced to changed frequently but earlier plotting was correct. Its really very hard job, but bigger wave remain as same. Expect Nifty Move now as shown in chart below. 9280-86 will be very crucial resistance level for nifty. As long as Price trade below this level bigger degree view will remain same. There are three strong reason for level 9286 as crucial resistance.
I. 9286 is 61.8% retracement level of previous wave.
II. strong channel resistance.
III. Gap Resistance
I. 9286 is 61.8% retracement level of previous wave.
II. strong channel resistance.
III. Gap Resistance