RR0055

Waiting for wave 2 of wave 5 to form

Long
NSE:NIFTY   Nifty 50 Index
Nifty completed its wave 4 and trying to form wave 5. I think wave (i) of wave 5 was almost completed & I am waiting for wave (ii) to form around 11700 - 11650 level. if it will find support at that level and stops then the huge wave (iii) will starts and reach pre COVID level.

Buy Nifty future around 11650 - 700 with stop loss of 11500.

or

Buy ITM call option when its reached 11650 level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.