Post Budget Nifty Hourly 28-02-15

Hi,

Today was a very volatile day as expected, huge swings in both directions, however Nifty managed to close above the crucial level of 8900 and the uptrend which started yesterday has maintained its shape and March should hopefully be the month where we do see new lifetime highs. nifty2The First wave of the 3rd Wave is complete of a higher degree 5th. This wave should be the strongest however a little correction for a very short while seems probable (might not be the actual case).

The Daily Charts of Nifty however shows a Doji Pattern, so tomorrow is the confirmation

Pivot – 8864

Resistances – 8944, 9050

Supports – 8780,8706

 

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