Nifty Short Term Update (20-09-16)

As per our last post Nifty Alternate Bearish View (06-09-2016), We assumed that Nifty may face strong resistance at #MOB level (8900-9100). Now we can see a major trendline on Daily chart.We assume almost 1000 point is cooked for #Bears below given trendline. 

Nifty Alternate Bearish View (06-09-2016)

Technical said, Market is Bullish for target 9500-9600 or 10500+ from weekly chart in last 2 post. But I think, We should keep in mind an Alternate Bearish view also. Because Market like Surprise mostly. As per Bearish view, We may see double top almost & then double bottom almost in coming periods.

Nifty Alternate View - ABCD Pattern (05-09-2016)

Technically, We've discussed about 9500-9600 range as per Elliott Wave in coming month in last post. I would like to share an Alternative View (Bullish) also, that is ABCD Pattern, where AB = CD. As per ABCD pattern, Nifty may hit 10500+ till Sep. 2017.