murthyonline

NIFTY 4th Wave Contd..5 H&S In progress...

Education
NSE:NIFTY   Nifty 50 Index
In continuation of the last week post NS progressing as expected and crossed the target of 10580. The up move was
in equal measure to the fall we have witnessed in October.

Now it is going to be more volatile, as until it crosses ATH it is presumed as still in 4th wave and once it crosses
the ATH to be considered as the 1st wave of 5th wave, in multi year, plotted here earlier.

The next move could be for the target of 10937-980 area soon. From there expecting a wave down to 10300-200 area and
move up and cross ATH for the target 15500. Though it looks a tall order the market is Supreme, and it is the view as on date.

BN can try to touch 26800 and correct to 25000-25500 for the next big move corresponding to the Nifty target given above.
In this post the daily chart marked and posted showing the path of Nifty from here.

This post is purely for educational purpose and may be or may not be good for trades. Any member wish to take a trade
please do so after getting recommendation from your Financial Advisor as the author of this post will not be responsible for any of their actions/trades.

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