Nifty either started a series of bullish impulses higher or as the red alternate wave counts show we have one final leg down in Z. We are in late stages of this corrective process and Z can sometimes truncate at a higher low as well. After that the selling is mostly over and we head straight up. A breakout above 17300 means we have taken off to the moon.
Wrong view. Bank nifty will not cross 35500 for whole of 2022. And I am saying 'will' seriously.
And therefore nifty will test 200 week ema at some point in 2022.
Kakerot
⋅
@suklap, hahaha i still remember people from 24-25000 levels that it will not go 30000 ever , well we did to 42000 , bank nifty target from cmp is 42k in 2022, also you said 35k will not cross ? lets meet next month jan even if bank nifty touches 36000 u come here and apologise, because the day people start putting ego in their trade they should be ready to get wiped off, thats a written Experiance of mine
eternallearner
⋅
@Kakerot, yes.never put your ego into trading.mkt is the Master.We have just to obey & relabel charts according to its sweet wishes.For me a bounce towards 41k for making wave B around budget is in the offing in bnf.Then final C wave fall of the zigzag.Lets see.
And therefore nifty will test 200 week ema at some point in 2022.