closed above 8250 level third times in this month.Now you may interested to know
the medium term path.
As discussed analysis report last month on 18th may http://niftyintune.blogspot.in/2016/05/nifty-50-medium-term-gann-analysis.html that if Nifty protect
7760-7730 then it may test 8100/8250/8325 on upside,although that time some of
my colleagues are not agreed with this analysis. After nifty has been made attempt
above 8250 so many times and closed above our 2nd target 8250 .We have seen good
consolidation from 7th June, so i am updating the medium term probability of Nifty .
I have mentioned in Hawk Eye scan I & II that 8210 is the Balance point,
Nifty may to and fro from this level.
If Nifty sustain above 8305 then target are 8380/8420,8460/8550.
If Nifty trade below Balance level 8210 then 8150/8120,8030/7992.
Don't forget 8320-8325 is the PRZ.
Note-This is my Personal view for Educational Purpose.Read Disclaimer here http://niftyintune.blogspot.in/2016/05/disclaimer.html