Analysis based on technical parameters(No Noise) ------------------------------------------------------------- The correction that we are witnessing after completion of the cyclic wave....is not yet over.Its only a part which seems over....what i can see is a 5 wave structure within a wedge...is it a leading diagonal indicating commencement of major correction....from my side as of now a big"NO".It will be too early to say that.....The 5 wave correction which I was mentioning in my earlier post...is turning into 1-2,1-2 wave from the bottom of march....Now coming onto the chart,the breakout from the 5 wave structure which i am seeing is an impulsive structure commencing from (e) however the top giving jitters whether the correction have completed or not...yes it have and simultaneously likely to give a 5 wave downside structure of lower degree as well...For Monday I am bearish... Assessment only for educational purpose. ======Trade as per own risk appetite... ======Happy Trading=======
@bimalscave Sirji, my view is a lil different. Am expecting a small dip to 11410 - 11400 and then a bullish session thereafter which should see Nifty hit 11500-11520. Expect a decline from 11520 or thereabouts to 11330-11360 and then a strong upward impulse which should see Nifty very close to 11900-12000 by September 30th.