Please see the resistance levels in Nifty at .5 , 0.618 and now at .786 . When .786 is taken out next stop is 1 i.e 10,000. which is the danger zone.
Comments
narensavi101
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After 10k again it may hit 6700 as C wave.
AJAYSHARMA
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@narensavi101, If 8960 breaks . Otherwise we are looking at an extended cycle wave III. I hope u know what does a wave III extension means . I am posting a conservative count assuming that wave III ended at 9055 and we are running an extended flat . This is the non extending count.