This chart of NS is marked for tomorrow...... What I think will happen is that It will take Support in the Orange Line Zone @ 23.6% fib retracement OR Just above it and Bounce back towards 61.8% 17465 and 78.6% 17665-70 level and then FALL BACK to complete the entire wave structure of 12 ABC.
1. Currently 12 A have been marked correctly. The B wave looks a little tricky. The Reason I say this is because every wave must have 5 sub divided waves, but B does not have 5 sub divided waves yet, Hence it has EITHER '''' TRUNCATED''''' OR.... this MOVE DOWN IS JUST A CHAKHMA... @ Showing everyone what we are falling @ a FALSE BREAKDOWN. So basically the wave count from A will be as ..... 1 ab 2... then a 3 up 4 down n 5 up to complete B. IF this stands out to be TRUE, then B wave will RISE FURTHER UP towards 61.8 and 78.6% retracement mark and ONLY THEN fall for C down. Therefore B would have made 5 sub divided waves UP and C will come down in 5 waves as well.
2. ON a PERSONEL Level and I am talking specifically about myself here..... I will cover all my Shorts tomorrow at open and GO LONG. I will keep my Stoploss just below 16984.
3. Should NS open below 16984, and not be able to go above 17080 by EOD......The Market will CERTAINLY MOVE LOWER Straight away
1. Currently 12 A have been marked correctly. The B wave looks a little tricky. The Reason I say this is because every wave must have 5 sub divided waves, but B does not have 5 sub divided waves yet, Hence it has EITHER '''' TRUNCATED''''' OR.... this MOVE DOWN IS JUST A CHAKHMA... @ Showing everyone what we are falling @ a FALSE BREAKDOWN. So basically the wave count from A will be as ..... 1 ab 2... then a 3 up 4 down n 5 up to complete B. IF this stands out to be TRUE, then B wave will RISE FURTHER UP towards 61.8 and 78.6% retracement mark and ONLY THEN fall for C down. Therefore B would have made 5 sub divided waves UP and C will come down in 5 waves as well.
2. ON a PERSONEL Level and I am talking specifically about myself here..... I will cover all my Shorts tomorrow at open and GO LONG. I will keep my Stoploss just below 16984.
3. Should NS open below 16984, and not be able to go above 17080 by EOD......The Market will CERTAINLY MOVE LOWER Straight away