selvamgeetha
Short

8736 IS THE KEY LEVEL FOR BULLISHNESS IN NIFTY

NSE:NIFTY   Nifty 50
398 19 6
Contrary to my previous post NIFTY             reversed upward showing short term rally to make new traders
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 .....

Comment: Do not confuse with FII buying data,P/E ratio,Budget rally,Result season,Demonetization ...Everything is priced in
Comment: some viewers asking for alternate count for the above scenario

If nifty take off 8673( not 8736)..........go long first tgt 8736 ,2nd target 8895
Comment: Union budget has an important effect on our stock market.During 2008 while reading the budget market went down and stopped (15% circuit break).Let us see what'll happen after 8 years
Trade active: Jaitley made it?
No. No surprise for growth.Nifty has to stay above 8736 by tomorrow far an hour
Otherwise Friday FIIs start selling
This is a very nice interpretation of coming days, so nice. Your last comment explains it a lot easy way, thnx for the clarification.
Reply
selvamgeetha sanjoy.bose.it
@sanjoy.bose.it, Thank you ,pl see my next post on BANK NIFTY. I Always play in options without stoploss,pl try with one
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(some viewers asking for alternate count for the above scenario
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% ?
Reply
selvamgeetha HappyVijay
@HappyVijay, I will clarify this for all viewers


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
Reply
HappyVijay selvamgeetha
@selvamgeetha, Again there is somthing Confusing in your Detailing .... Please explain what i put your writting in bracket (( 8672 is exact 61.8% of wave A. )) ??? Down rally started from 8968 To 7894.... Its 61.8% is 8558 and its 78.6% is 8738 !! what is this figure called 8672 ???
Reply
HappyVijay HappyVijay
@HappyVijay, If you are using Fib Extension and making projection of 61.8 (from 7894 to 8461 and 8327 as extension point) As far as I know its wrong method. If it works for you GOOD LUCK
Reply
I have a different opinion on your wave count and find it incorrect. My reasoning is - You have an irregular 'b' for (Y). When you have an irregular wave, it means trend in THAT direction is strong. In this case Downtrend. So, 'c' after 'b' should truncate. Look at your first (X) labeling.

Now, what is happening is - you have an irregular 'b' and then you have 'c', which is more than double of 'a' !!!
Reply
HappyVijay praveenvs
@praveenvs, So whats is your Feature Wave counts ! Can you please share :)
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If there is any alternate scenario just in case if your counts are wrong ?
I don't follow elliott so just want to know what is alternate scenario .
Reply
@neneram, this is my alternative count to my previous post,and remember 8673(friday high) is the first resistance for bulls.
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