Analysis based on Technical parameters (No Noise)
In my previous post you must have noticed the labels indicating culmination of few higher degree wave count for which the fall seemed eminent...and with that euphoria the mad bull run got over in all global indices, including Nifty.But the decline is temporary and to some extent its over....Today Nifty opened with a gap down (all credit to DOW fall)and remained in contraction all day...but the beauty in all these is now...NIFTY trend IS LEADING....i.e EM are now going to take over...From Monday on wards expecting a corrective upward movement which will likely to traverse in a parallel channel..watch out for important levels given on the chart...
----Assimilation only for educational purpose----
----trade as per own risk assessment-----
In my previous post you must have noticed the labels indicating culmination of few higher degree wave count for which the fall seemed eminent...and with that euphoria the mad bull run got over in all global indices, including Nifty.But the decline is temporary and to some extent its over....Today Nifty opened with a gap down (all credit to DOW fall)and remained in contraction all day...but the beauty in all these is now...NIFTY trend IS LEADING....i.e EM are now going to take over...From Monday on wards expecting a corrective upward movement which will likely to traverse in a parallel channel..watch out for important levels given on the chart...
----Assimilation only for educational purpose----
----trade as per own risk assessment-----
Comment:
Idea in progress...no change in view...but what i analyse...if nifty breaks/ truncates before this target..."bulls ko pani bhi naseb nahi hogi"....
Comment:
X Wave complete
Comment:
NOT YET...
What will be the state of Nifty by end of this month....I will refrain my self giving any trade recommendations...But certainly will provide you hint!!!
By end of this month, Dow will give a massive decline of roughly around 11-11.5% from the present position.as on date...by end of this month.But that decline will not be sharp but gradual...corrective.