Monday, March 23, 2015

Nifty : Is the Price Correction Over ??

Nifty has reached the weekly 20 EMA from where it has revered in the past. The weekly trigger line has also reached the RRZ (Reference Reversal Zone) and may start reversing any time.  However, the real confirmation of a reversal will come only if when Nifty crosses  8665. Till than the indices may oscillate in a band between 8535 and 8665 to complete the time correction.