in a trap.But no blue chip stocks participated in this.This is called final leg of 4th or X Wave.
however nifty has to cross 8736 (78.6% of WXY)must be on 1/2/2017 as the time cycle ends.And
the most awaited Z WAVE unfolds till7/3/2017 .
8285 is W=Z where bulls will enter and a new bull market begin.We have enough time .....
If nifty take off 8673( not 8736)..........go long first tgt 8736 ,2nd target 8895
No. No surprise for growth.Nifty has to stay above 8736 by tomorrow far an hour
Otherwise Friday FIIs start selling
If nifty take off 8673( not 8736)..........go long first tgt 8736 ,2nd target 8895) Your Last Comment confuses Me ! are you saying on monday if market open Higher it will go 8736 or 8895 ? So how come your counting will be still Valid if crosses 78.6 % ............Wave " X" can pass 78.6% ?
NIFTY is now completed its 4th wave complex correction(7894) which is exactly 50% of previous 3rd wave up move from last february 2016.
now from 7894 a new bullish wave emerged,we can call it as X WAVE. this is a part of 5th wave upmove .This wave has 3 minor waves called ABC. A and B
are over and C is left behind
8672 is exact 61.8% of wave A.
Now nifty respects 8672 and coming down erom friday,WAIT till tuesday.
shorts can be created only on the budget day below tuesday lows
On 1st feb if nifty (spot)moves beyond 8736 may pull nifty to 8895 due to MR.JAITLEY.
8736 is the level where you can initiate stoplose buying tgt 8895
Now, what is happening is - you have an irregular 'b' and then you have 'c', which is more than double of 'a' !!!