the emerging 'B' WAVE ( abc or ABCDE) may lose its steam at 8876. take profits on the table those who took long positions.
the chart showing above is an expanded FLAT type since the previous 5th wave is truncated at 8952,hence I Have strong confirmation that NIFTY will reach 9200.
@neneram, usually FII's are option writers (sellers) when option premium high means they are writing high calls.In this scenerio you cant get cheap options.therefore intra day( MIS )futures are better
ok , still something missing nifty 8700 feb call quoting at 120 , Seems market expecting RBI policy to increase Rates