chauhan_rich
Short

NIFTY : SHORT TERM FORECAST.. See chart

NSE:NIFTY   Nifty 50 Index
Hi All, Thanks for your support. I would like to present my a small report of my charts for the past 30 days. Total Charts : 75, Correct Direction analysed : 53 ( 70.66%), Points/pips earned: 22542 and Points/pips lost : 568.
It has been a great one month. Thanks once again.

Nifty : As per my wave analysis, 11400 is a possibility and it can go down to 11200. However, it can go up to another level up to 11751 initially when markets open on Monday. A deep correction is sure to come soon..

Trade with care.

Jan 14
Comment: Sorry, typo mistake .. please read as 11300 and not 11200 levels above.Thanks.
Jan 14
Comment: Thanks to @sunilkudi, Yes, another typo mistake.. it should be read as 10300.

Apologies, please read this as below

As per my wave analysis, 10400 is a possibility and it can go down to 10300. However, it can go up to another level up to 10751 initially when markets open on Monday. A deep correction is sure to come soon..
yes sir i respect ur calculations n i agree ur view i will be cautious
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Jai ho
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still typo mistake.... i think it should be 10300 and not 11300 levels above
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@sunilkudi, Thanks for correction. I have corrected it.. please read it as below :

As per my wave analysis, 10400 is a possibility and it can go down to 10300. However, it can go up to another level up to 10751 initially when markets open on Monday. A deep correction is sure to come soon..
+1 Reply
aamitdel chauhan_rich
@chauhan_rich, Thanks for sharing your analysis. Just want to clarify - if it has to go down to 10300, it will be a 3-4% correction. Do you mean this would be a deep correction or it can go down more ?
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@aamitdel, I have mentioned Short Term forecast, hence present targets are based on 1H and 4H TF's.. Once there is a progress in price action, we will be more clear on DTF what it intends to do. Hope this helps. Let us go one by one step..
Reply
Yes on Monday onwards it may give correction up to 10400 - 10300.
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