 "Expecting targets in the range of 8,920-8,968 levels: Devang Shah")
NIFTY
CLOSE- 8793.55 (10.02.17)
Nifty closed third consecutive week in positive territory. It extended the gain on upside further as expected last week. It made a high of 8,821.40 levels so far during week. All the other indices also extended gain on upside as expected & closed weekly in positive territory.
It looks like still wave-(v) of III is pending on upside as per daily chart of Nifty. It may consolidate or possibly decline for wave-(IV) for time wise or price wise correction in short term but eventually one should expect higher levels targets as mentioned below
CLOSE- 8793.55 (10.02.17)
Nifty closed third consecutive week in positive territory. It extended the gain on upside further as expected last week. It made a high of 8,821.40 levels so far during week. All the other indices also extended gain on upside as expected & closed weekly in positive territory.
It looks like still wave-(v) of III is pending on upside as per daily chart of Nifty. It may consolidate or possibly decline for wave-(IV) for time wise or price wise correction in short term but eventually one should expect higher levels targets as mentioned below
