murthyonline

Nifty 4th Wave cond....What Next - 2.

Education
NSE:NIFTY   Nifty 50 Index



Some of the earlier posts lnks given above and you can see the date of post and what happened after that with the
price bars updating.

Many members asking me the 4th wave is completed or what is the bottom........

The chart and markings can give an idea what my views are.

The 4th wave is not yet completed, though it has made the traders tizzy, and imagine if it has to continue for
a couple of months more.

From the chart it seems we have already made the bottom or within next 100-200 points NS can make a bottom with
quick fall and rise.

Expecting from Tuesday onwards :
1) rise to 10900 area and fall again to 10000-9800 area
2) 10000-9800 area to 11100-11200 area
3) and visit again 9800 and rise again towards 15000+

We can see all the above are in line with the earlier posts for which links are given.

The above view is considering the mirror image and there can be marginal difference of 100-200 points in the area given.
The MACD signals marked in orange boxes indicate, they reverse, when it reaches that area, as can be seen in the earlier instances.

The above view if for educational purpose only and may not be good for trading. Consult your financial advisor before taking
any trade as the trades you take are entirely at your own risk.
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