Last Post http://aar-vee.blogspot.in/2016/02/elliott-wave-technical-analysis-for.html#more expected the following Probability :
Since Trend is Down, keeping below 7230 close we may retest the Low / further below.
We may get an upside bounce on a close above 7000 to test the Resistance zone now at 7150-7230.
Close above 7270 may signal a Bottom in place as of now.
Positionally the Low 6869 and apprx 100 points below is now a good Support zone.
As of now :
Will update on this further.
Good Analysis of Nifty Chart...
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