MakarandK

#Nifty #EW #Priceaction

NSE:NIFTY   Nifty 50 Index
Nifty 1D: Monday session will be very interesting as today's close is exactly at bottom of LS (Probable) and candle is exactly as made around 15984 (around previous low). Monday close below 16340 will be considered as trend continuation i.e. bearish & close above 16485 will be probable change in trend. Nifty is in C count which is indicating completion around 16190. PCR continue to be oversold at 75. So net net 16190 - 16340 will stand as demand zone & here probable reversal can be looked at. Stay tuned.

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