bijoy2526

NIFTY it is an awesome rally

NSE:NIFTY   Nifty 50 Index
yes I am saying this it has baffled world class forecaster.
Some one saying it is in quite over bought condition and jurix
Rsx level is this much....
But who cares it is raising beyond predictable level of all forecaster.
Some fundamental changes have been occurred during recent days.
It is the way Demat account opening by young generations,
The way nifty is rising with gap ups it it characteristics of third wave only.
Yes price rises in this fashion only in third wave.
As sgx nifty suggesting another gap up as it has crossed now 18470.
This can not be fifth of fifth wave. Is this? Only time will tell.
I had mentioned my next target in my previous posted charts.
It is an imp level unless nifty falls below this level in near future we are going to ride higher.
on Thursday nifty gaps up above this level and inched ahead.
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here I want to mention again as nifty does not fall below y next target level as mentioned in the chart nifty is safe.
it can bang at the next black line in due course. O f course we are in quite over bought condition so wish we should trade carefully.
Please go through my previous posts
Comment: I will stop posting here .I f you don't like me to post.
Comment: I am not saying the above levels are going to be met subsequently. This is my study
only not a trading advice .we are in 5 th of final 5 th wave. The way nifty is rising
with gap ups it is characteristic of 3 rd wave so if we are in 3 rd of 5 th of final
5 th wave then there is room left for nifty to rise further.

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