- Resistances on NIFTY are7823 / 7865 / 7929.
· Support Levels for NIFTY are7760 / 7725/ 7679.
· We are in the 4th phase of second corrective, which is on the verge of completion.
· This phase is technically the most volatile & time consuming in nature which we did witness.
· Triangular or diametric is the wave pattern unfolding in the current phase.
· There may be limited corrective upside still left which may unfold on an intraday basis only to come down again.
· 5th phase of decline is expected to be disastrous in nature which may unfold soon.
· Good Luck..
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