NIFTY SPOT UPDATE~~~!!!!

Hello Everybody,

As mentioned in my earlier update, Nifty cash is very near to given minimum target of 7670.

If 7670-7720 area of cash Nifty is crossed decisively then I am expecting it to reach till 8150-8180 area in next few weeks.

I am looking at a Standard Impulse which started from 5933.30. Currently, the index is in wave 5 of this Impulse. This wave 5 is in extension.

Inside wave 5, again index seems to be in wave (v). Above 7720, the (v) will become more than 61.8% of (iii) and hence it may also go for extension. If wave (v) of 5 extend, then we may see minimum of 8150-8180 area in coming days.

Nitin sir

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