NIFTY TODAY WITH THE GAP UP EXHIBITED THE INTENT AS I EARLIER SAID IN MY PREVIOUS POST...HOWEVER,THE MOVE THAT WE SAW TODAY IS A CORRECTIVE MOVE(I APPRECIATE, YOU MAY DIFFER)....SO THE PRIMARY FALL THAT WE SAW IN PREVIOUS SESSIONS IS NOT COMPLETE AND WE CAN EXPECT AN ANOTHER IMPULSIVE FALL FROM TOMORROW ON WARDS.BUT THE DEPTH MAY BE LIMITED TO 200 AGAIN.IMPORTANT LEVELS ARE AS MARKED IN THE CHART.
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT.
WAIT FOR RIGHT OPPOTUNITY.
My count is - 7511 to 9889 was an ABC. Then a B wave till 8806. From there C started as an impulse. Within this C my count is
Wave 1 - 8806 to 10328
Wave 2 - 10328 to 9544
Wave 3 - i - 9544 to 9996 or 10046; ii - 9996/ 10046 to 9728, iii - 9728 to 10553, iv - 10553 to 10224 and v- 10224 to 10894
Wave 4 - 10894 to 10563
Wave 5 - 10563 to 11341
Therefore, From 11341, what has started should either be an X wave or a new impulse down. In the fall from 11341, Nifty has completed an abc at 10882 and has shown a pull back to 11112 (so far). This pull back to 11112 so far is a 3 wave move and can extend upto ~11152 - 11166. From there, the next leg of downmove should start...
Is the above correct??