Nifty 50 IndexUpdated nifty analysis
In continuation to my last post....This is how the Nifty will play out.....
1. we will either Move straight to the upside completing wave 6, then come down for wave 7, thus marking 123456Y.... completing 7 waves. This possibility is REMOTE as wave 6 cannot go beyond the wave 4 high.
2. That we are nearing completion of wave 6, and 7 down will follow suit to break below the current Y axis, thus inviting more and more shorts.
3. The Last and Final LEG UP to complete "" X"" axis will PLAY OUT. THIS WILL BE THE LAST WAVE UP marking a TOP, and finally ""Z"" to the downside will unleash
1. we will either Move straight to the upside completing wave 6, then come down for wave 7, thus marking 123456Y.... completing 7 waves. This possibility is REMOTE as wave 6 cannot go beyond the wave 4 high.
2. That we are nearing completion of wave 6, and 7 down will follow suit to break below the current Y axis, thus inviting more and more shorts.
3. The Last and Final LEG UP to complete "" X"" axis will PLAY OUT. THIS WILL BE THE LAST WAVE UP marking a TOP, and finally ""Z"" to the downside will unleash
Note
SELL NF when Nifty SPOT comes as close as possible to 18141, with a 10 point stoploss. If my markings are correct, wave 6 will NOT go beyond wave 4 at 18141, and in all probability will BREAK below current Y axis 15153, to form the NEW ""Y"" AXIS. This is where all shorts must be covered and then GO LONG for ATH and finally Z downNote
CORRECTION. It is not 18141, BUT 18114Note
Should NS go to 18114 and sustain it.... then DO NOT SHORT. Infact keep a 20-30 point filter to the downside as stoploss and GO LONG . It would ONLY Mean that NS wants to make a clean wave UP to 19000-19200 zoneNote
What is your RISK at these levels assuming that the wave MAY go UP in a straight line????? Your RISK is ONLY 30-40 points as I write this down..... You have lost 3000 points from 15200..... is 40 points worth the RISK ????Note
ON Bnf currently .... holding 40945... it moves UP to 41115. Below 40945, it moves to 40806 and Most important is 40633.... Below this we Fall atleast Immediate termNote
FOR GODS sake, DO NOT TAKR OVERNIGHT SHORTS /LONGS. Play it Intraday for NOWNote
I'll send you guys just 2 indicators and if you follow them to the BRIM..... ull make money. DO NOT MESS with the Indicators by getting EMOTIONAL...... Just follow as they show you. Will post in the evening
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