Nifty approaching strong resistance zone @ 8975 - 9018. As per My elliott wave count b wave of entire corrective structure going to be end. Enter Short on Nifty target for c wave 6725 level.
@vasaever, Approaching strong resistance... i am looking for it will take some time or could not move above... Immediately cant brake profit taking will happen on that level...
pk29121976
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7200 to 7900 is very strong support zone for nifty
tdurai84
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@pk29121976, wave count are count by proper hints... if any proper support or resistance are not hit by that level we ll take as HINT. Last year Feb nifty didn't hit the proper support level that level was 6725. So nifty will approach that level...
pk29121976
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its very hard to reach to that level sirji,
nifty has to break lot of supports to reach 6725...
u r talking about around 2200 pt correction ...
tdurai84
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@pk29121976, This is medium to long term view so wait and watch....
mlt1403
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@tdurai84, can you pls share your email id . thanks , Mohit
@tdurai84, brilliant call in jan around nifty 8400 for 8900 target !!!.
Read your nifty and bank nifty views . I have 2 questions for you .
1) do you think nifty current wave b can make a new high above 9119 before wave c towards your 6725 target starts ?
2) some technical analysts are counting a different count which takes nifty up to 9800-10300 areas ......so what probability do you assign to your current count ? and when do you expect current uptrend to end ( feb expiry or early march ?) .
tdurai84
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@mlt1403, Hi mohit, what analysis i gave that is final... i m gng to enter short @ 9000 level... i dont think abt other analyst projection...