Nifty after reaching the levels of 11800, has since been in correction mode .. as per the patterns, it appears that wave a has been completed n wave b is in progress with its last leg presently unfolding .. hence expecting Nifty to open gap up .. wave b should near completion at levels of 11580 (+/-20) .. post which expecting Wave c to unfold downwards as an impulse .. be cautious taking long positions at levels of 11580 Note - Views are personal and meant for educational purpose only, not for trading any instrument
bought 11600pe today. hoping for 11540/525.tomorrow.
raj0778
⋅
@ckirtane, yup .. appears it should come down to 11540 levels .. however, thats a strong support zone .. so Nifty might end up taking support from there n close somewhere around 11580 levels .. purely my view, for today’s expiry
ckirtane
⋅
@raj0778, SGX NIFTY IS SHOWING 11510. I WILL SELL MY PUT AT OPENING, EXCELLENT JUDGEMENT.