Nifty is trading at value low which is support

NSE:NIFTY   Nifty 50 Index
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.

Wave counting 5 are completed.

Gravitating price is at 11270 as target. Trade above 11150 will be target 11268-11280
This is my very own peronal opinion that it will test the bottom channel and we can c further tumbling. Better to close long positions for now and observe the price to come inside the channel if want to go long on nifty
hitting alarm again and again,kind of choppy market,taking profit in small amounts.bulky on few stocks in hope they will rise back.
nic kinnari :)
@Kinnari_Prajapati :Maám In nifty it looks like the larger C is coming down... ??kindly confirm.
I think There is still a strong support line near 10928.36 (in Daily chart). It can go further down till 10928.365 then it can bounce back or further down upto 10000 (In Daily Chart). Lets see what will happen. If we draw trendline from 28th sep 2017 Candle to 10928.36 (below today's candle) then we find exact location of strong support.
+1 Reply
any further idea of nifty @ kinnari prajapati, put some fresh analysis considering todays break out
abhi.rus shanthiraj_Jain
@shanthiraj_Jain, This would be considered as Excess as seen similarly on wave (3) on chart. There is no exact levels but just approximation and still we have to make the best sense/use for same.
Hold 11200 call , what to do Madame
prakash_mgn daxeshkapadia
@daxeshkapadia, from tomorrow towards 10980
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