Richie.Chauhan
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.

Comment: Sorry, typo mistake .. please read as 11300 and not 11200 levels above.Thanks.
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 Richie.Chauhan
@Richie.Chauhan, 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..
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Yes on Monday onwards it may give correction up to 10400 - 10300.
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