Can Nifty Break 5500 before US Elections?

Nifty has formed a Bearish Butterfly pattern and could go as low as 5350-5330 which is a confluence region of 200 (4H) moving avg & imp Fibonacci Retracement!

This possibility will only increase with no show from RBI in their monetary policy review which is scheduled next week!

Nifty Technical Analysis and Trading Strategy

 Now it’s your turn…..

Feel free to share your experience and thoughts in the comments area.

 

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Will Nifty close below 9000 by end of March 2017?

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