AJAYSHARMA
Long

Buy the gap down on Monday (10073 - 10044) , with at SL of 9957

NSE:NIFTY   Nifty 50 Index
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Buy the gap down on Monday as close as possible 9957 . for a better RR.

The degrees of a wave

Highest degree : Minuette level . Nifty has completed one full impulse at minuette level from 9696 to 10075 . Rising from a truncated 5th . Which itself is very bullish .
Higher degree : It has completed another five wave impulse at subminuette of wave i consisting of five waves at micro degree .

Now it is correcting in wave ii of sub minuette degree .

A wave ii is sharp and may reach .50- 10073 , 0.618 - 10044. It is expected to be a sharp zig zag . Then we will see a sharp upmove for wave iii of sub minuttee degree .
thanks Ajay for your detailed chart !!
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are you sure monday gap down ?
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AJAYSHARMA gopicbin1
@gopicbin1, Might open at 10120 . That is the start of the ending diagonal . But the point is we may be looking at new highs if 9957 is not broken and shorts should cover if they get the chance .
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gopicbin1 AJAYSHARMA
@AJAYSHARMA, thanks
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