An ABC correction in Nifty should end at 9394 - 9400

May 18, 2017

Running C in ABC (degree sub micro) . C should end at 1:1 A extended from B

Then look for the following
1. Full complete 5 wave impulse for sub micro C . At present we might have completed 3 waves . So 4 and 5 are still left .
2. RSI divergence
3. A Bullish candle stick pattern . Morning / doji star , hammer or an Engulfing pattern . Best would a combimation of these patterns.
A breach beyond 9373 will invalidate the count.
So buy around when Nifty -1.05% breaches 9400 and when every person shouts doom

May 19, 2017

Note

Complex correction in Nifty - double zig zag
First ABC correction has become W . This big gap up was a X wave . After the X wave has been completed . We are started Y . In Y we have completed A (5 wave impulse) . Wave B is in making which in my opinion should go to 9450 if 9390 is not taken out . In any case a Wave C is has to come in order to complete the pattern . Wave C should be atleast 116 pts which is the length of Wave A . Lets see where B ends .