Swarnendu_Mitra
Long

NIFTY EW counts

NSE:NIFTY   Nifty 50 Index
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2
NIFTY has completed or will complete W4 bottom tomorrow.

Sell NIFTY at 11900+ when top is formed for minimum 11320, though the ultimate target can be much bigger. But, that's something for the future

For now, buy NIFTY with an SL of close below 11510 for a target of 11900+. Buy as close to SL as possible.

Close below 11510 might confirm that the top is already done, and the minimum target of 11320 is coming next.
Trade active: Long Trade active.
Trade active: Done 50% in a day. Hold on to it now for minimum new ATH.
Trade active: Move TSL to today's low.
Trade closed manually: TSL HIT, Trade closed. Good profit made.

Now can buy again with an SL of 11565. This time if SL hit, then just reverse trade. SL saved target remains 11900+. SL gone, downside target 11320.
Trade active: Keep long TSL at 11624 to lock some profit and hold for ATH. Positional short is still below 11565.
Trade active: Move TSL to today's low for 2nd May to lock some more profit. Target 11910. Short there.

If TSL gets hit, short below 11565 only.
Trade active: Move TSL to today's low. If TSL hits, short below yesterday's low. If yesterday's low is saved, buy again for 119XX
Trade active: Move TSL to today's low i.e. 11719.
Trade closed manually: TSL hit, Trade closed with decent profit. No more buying advised, short below 11655 for 11550-310

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