Nifty 50 analysis for 28 Sep

26 de set. de 2020

Nifty surprisingly appears to have taken a reversal from 10792 ... Its presently unfolding Wave iii and it may find resistance at 11140-11160 levels, as marked on the chart .. So for 28 Sep, we can expect either a gap up opening or a movement of another 100 odd points from present levels ...Wave iv may unfold as flattish correction, keeping Nifty range bound ...Now the big question, Is the correction over and are we headed for another bull run? Well, I would be cautious in taking long positions, unless Nifty gives me a closing above 11620 ...