- · Resistances on NIFTY are 7899 / 7918 / 7948.
· Support Levels for NIFTY are 7829 / 7804 / 7760.
· 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 little more of a powerless upside left which may fizzle soon.
· 5th phase of decline is expected to be disastrous in nature, which may unfold soon.
· Good Luck..
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