The daily chart indicate that 15 minute TO has reached Reference Reversal Zone (RRZ) and a bounce is not ruled out. In case the Nifty makes a reversal from here, it may attempt a new high one final time.
Wednesday, March 11, 2015
Will Nifty Bounce from Here ?
Nifty was unable to cross 8750 and fell below 8700 once again. Though the 15 minute TO has crossed over the hourly TO, it remains to be seen if Nifty can bounce from here.
The daily chart indicate that 15 minute TO has reached Reference Reversal Zone (RRZ) and a bounce is not ruled out. In case the Nifty makes a reversal from here, it may attempt a new high one final time.
The daily chart indicate that 15 minute TO has reached Reference Reversal Zone (RRZ) and a bounce is not ruled out. In case the Nifty makes a reversal from here, it may attempt a new high one final time.
