Last year nifty 0.51% given good returns and shown rocket performance..So what we can expect this year??
My friends this year be cautious on buying side and in my view the dream of 11000 on screen will remain a dream for atleast this year if this pattern do not break.
As per my analysis a huge correction can come if we do not trade above 11000 and break that channel on upper side. 2018 movement will mostly depend on the January movement and lot of picture will get clear after January only.
I also want that Nifty 0.51% break this pattern and trade above 11000 which will open its door for 12500-13000 in 2018..will post that chart too once it is done.
This is what i am posting here is forecasting of Nifty 0.51% in 2018 based on the history of Nifty 0.51% . Same chart patterns was formed in 2008 and what happened in 2008 everyone knows. So this is also based on that history.
Take your decision before entering in any trade and we will review this chart in February.
******Best of Luck & Happy New Year 2018******
