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NIFTY
CLOSE- 8,349.35 (20.01.17)
Nifty finally ended weekly positive momentum & closed first weekly in negative territory after preceding third weekly positive close. It has almost achieved my target range of 8,440-8,480 near recent high as expected last week. It faced resistance around these levels & started to fell near from these levels. It has Completed 5 wave advance rally near recent high started from recent bottom of around 25,753.70 levels on sensex & 7,893.80 levels on Nifty. Its sufficient confirmation to conclude short term reversal at current levels of market. One should expect lower levels targets in this
CLOSE- 8,349.35 (20.01.17)
Nifty finally ended weekly positive momentum & closed first weekly in negative territory after preceding third weekly positive close. It has almost achieved my target range of 8,440-8,480 near recent high as expected last week. It faced resistance around these levels & started to fell near from these levels. It has Completed 5 wave advance rally near recent high started from recent bottom of around 25,753.70 levels on sensex & 7,893.80 levels on Nifty. Its sufficient confirmation to conclude short term reversal at current levels of market. One should expect lower levels targets in this
