Nifty Hawk-Eye III Gann Scan

NSE:NIFTY   Index of the 50 listed India companies
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The name Hawk Eye scan III             for medium term perspective for Nifty             50,as Nifty             50

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 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.

Case II
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
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