From The Last Idea Published..... Closing comment - "Struggling to go below 15800 ---------------Avoid Selling ---------------Do not Sell-------If Index holds above 15800-------Thanks & Best Luck.
Plan 2 - Buy Once Bullish Harmonic Pattern Completes
------------------------------------------------------------------------------------------------------------------------- Gartley Pattern completes if Index halts close to 15565 (Target 2) mentioned in Plan 1.
Bat Pattern completes if Index halts close to 15505 (Target 3) mentioned in Plan 1.
It feels to me like Nifty is not in the mood of coming down. Whenever Any news comes in Reliance. BNF comes to save the Nifty even during last AGM also when Reliance was down by 120+ points all 12 banks came together to stop Nifty from falling. Last 2 days IT has been pushed up before that FMCG was pushed and Today Metals have been pushed. So Bank Nifty along with other sector is needed to balance out Nifty.so its possible Nifty might go to 16000+ because of this sectorial rotation.
WaveTalks
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@FoxTrot99, That is true. Index can make new highs 16000+ & we trade once we get confirmation of sell which is below 15800 as suggested in the update. Thanks
YogeshWalzade
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how much time to hold below/above thanks as always
WaveTalks
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@YogeshWalzade, Unfortunately cannot answer your question as anything on "time" is tricky & complex !!! Thanks
YogeshWalzade
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@AbhishekHSinghCMT,yes thats why u not play options we cant time the timing....
UnknownUnicorn9473279
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कबीरा ऐसी प्रीत ना कर जिसी पेड़ खजूर । धूप लगे तो छाया नहीं , भूख लगे फल दूर।।
Self study is the only way , if u want to do something good. Never depend on others.
UnknownUnicorn9473279
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As soon as you closed the idea. Nifty start to drifting towards lower channel. If I short it then maybe able to recover some of my losses. Please suggest where it is headed towards??
RishabhGandhi250218
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is the idea valid now ?
UnknownUnicorn9473279
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Nifty not sustaining up. Is it right time to short it for tgt of 15800-15770?