Nanda86

Nanda86

Was just observing how prices react to murrey math lines and finding some impressive price action around these lines... Ichimoku defines what is the equilibrum price levels and MML defines what is the price extremes. So when prices go to any extremes we should be ready fade the price back to equilibrium. Once the prices are in equilibrium meaning inside the...

Nanda86

Nifty has posted a perfect sell setup..As expected this negates the previous TD Buy sequential which was in place earlier. Next level of interest is 8352. All points to revisit the lows again at some point. Absolute Retracement from all time highs are 7682 (0.382 retracement Level) and 4748 ( 0.618 retracement level)

Nanda86

Prices have retraced 38% from the second wave - 12246..this could be the long term high..and completing the Wave 4..and downside target would be 4584..Lets wait and see what happens tomorrow..prices are showing exhaustion in 1hr and intraday charts..

Nanda86

Nifty has not yet made a bottom. Recent down swing started from 12446 until there was a buying pressure coming in from 8900 support level. 10400 is the key level which is the midpoint of current selloff..untill it trades to that level we can expect more selling presure to come in. Those who have missed out on recent down swing might get in and start selling again..