On the ninth day Nifty is making high of 11714.35 higher than the previous high of 11694.85 . But facing resistance in the range of 11695 to 11744 . These levels discussed in the yesterday’s letter confirming the corrective wave ‘B’ is going on. which may correct to the levels of 11530 to 11410. Which will act as a support for nifty.
Nifty is forming harami pattern in daily charts which is indecisive and next move is depending on the basis of next day candle.