AJAYSHARMA

A complex flat in Nifty - Expecting a sharp move down for C wave

NSE:NIFTY   Nifty 50 Index
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A flat is a 3-3-5 corrective structure . Normally it is zizzag - zigzag-impulse or ED .

But in rare cases it becomes flat - expanded flat- impulse or ED . Since flat is also a-b-c (3 wave corrective structure)

So in our structure
wave a - a simple flat
wave b - an expanded flat
wave c - expected to be sharp impulse

It also represents a time correction and normally would correct 38.2% of the previous wave and will alternate with a zig zag in a similar position.

Reply

InsiderB TOP rajesh2467 May 19
@rajesh2467, You better join research firm , great write up !
Reply

rajesh2467 InsiderB May 19
@InsiderB, :)
Sir, thnx for appreciation and motivations.
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rajesh2467 May 19
oh, do have a look at Nifty Weekly chart. ski's taken out from attics, for play.
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sandy May 19
GUYS MAJOR CORRECTION SEEMS COMING EITHER FROM JUNE SERIES END OR JULY SERIES BEGINNING AS PER ICHIMOKU TIME SPAN CYCLE.
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sandy May 19
FROM JULY CORRECTION PHASE SEEMS TO CONTINUE IN TERMS OF PRICE CORRECTION ALONG WITH TIME CORRECTION FOR NEXT THREE AND HALF TO FOUR MONTH.
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sandy May 19
TILL JUNE END NO NEED TO BE WORRIED ABOUT MKT FALL.KEEP BUY ON DIPS STRATEGY .TAKE NAKED LONG OR FOLLOW FII''S STYLE LIKE THE CREATE SYNTHETIC LONG FUTURE(SELL OTM PUT AND BUY ATM CALL) TO GET THE GAIN FROM LOW VOLATILITY.SELLING PUTS BY FII''S IS ALWAYS INDICATION OF NEAR TERM LOW VOLATILITY WITH UPWARD DIRECTION.OUR POOR RETAILERS DO NOT KNOW ABOUT CREATING LONG SYNTHETIC.THEY INTEND TO CREATE SHORT STRANGLE OR NAKED CALL PUT BUYING.I JUST LOVE THIS DERIVATIVE GAME.
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sandy May 19
KINDLY CORRECT THATS DELTA NEUTRAL OTM CALL
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InsiderB TOP sandy May 19
@sandy, Dear Sandy, for your kind info, All keeps means Shouting, is that your intention ?
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InsiderB TOP InsiderB May 19
@InsiderB, Lol, * All Caps means
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sandy InsiderB May 20
@InsiderB, no by mistake
only sharing views
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InsiderB TOP sandy May 20
@sandy, Cool, thats very detailed explanation on how to plan our option positions...
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sandy InsiderB May 27
@InsiderB, as i shared my views that mkt is in the mood to fall .keep ur eye on june seies and and first week of july.market should do something unexpected.
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sandy InsiderB May 27
@InsiderB, kindly try to get view from fii data also
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@sandy, I guess you are spammer, take care else Mods will take care of you too :)
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sandy InsiderB
@InsiderB, arey yar i was sharing my past prediction in regards to ichimoku time cycle with him nothing more than that bro
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Thanks ajay for the chart
chart explains everything
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