As per my previous post, nifty is moving in channel. And it taken resistance in the range of 4855-4850. If it will respect that level then farther move will start, that is 3rd wave. if it break that channel line then next resistance level to nifty is
4883 - 61% of febbc level of wave 2(i)
Another thing is still gap have ti fill which is at 4920 and this level is also nearly to the 76% of febbc level of wave 2(i)
please refer last two posts.
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