What Nifty has been witnessing since 27 Aug is a correction and the same continued today as well ... Hopefully expecting the correction to complete tomorrow ... Presently, my overall view on Nifty is bullish ... The zone of 11530-40 is critical and Nifty took resistance from there today ... Expecting market to open Gap Up tomorrow, probably at the zone itself ... Expecting tomorrow to be range bound day with Nifty probably rallying till 11610-11620 levels, taking resistance and finally settling down at 11540 levels .. In case of high volatility, one might also witness the first leg of the next motive wave from 11540 levels post completion of correction.
Note - Views expressed are purely personal and solely intended for educational purposes only. Same may not be used for trading instruments .
Hello.
Market opened flat.
You think this idea still holds? As of now?
raj0778
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@zeeshanshadab, yes .. the values may change but the waves don’t.. as per my analysis, wave b is complete nc is in progress.. let’s see, it should stop before 11420 n then rally ahead .. this is my analysis, let’s see what mkt holds for us
zeeshanshadab
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@raj0778, what do you think would be the revised high of today? around 11550?
raj0778
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@zeeshanshadab, don’t think so .. it may touch 11540 n take resistance from there n if so happens, expect a gap up tomorrow, above 11540
zeeshanshadab
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@raj0778, thank you for your guidance today brother
Market opened flat.
You think this idea still holds? As of now?