Friday, 28 July 2017

Nifty Struggles Below 10,000, Sensex Under Pressure; HDFC Extends Gains

Nifty is likely to embark on a treacherous voyage from here on, grappling with multiple gann supply points, Pritesh Mehta, IIFL Private Wealth said.

Three-digit gann number of 101, four digit gann number of 1009 and multiplication of 360 degrees by applying a square of 9 from the significant low of 9,342 is also placed around 10,130.

On higher time frame charts, PRZ of potential ABCD pattern stands near 10,050 mark. So, the point of confluence is seen between 10,050-10,130.

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