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Jul 30, 2019 3:36 AM

Nifty is trading at value low which is support 

Nifty 50 IndexNSE

Description

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
Comments
myogeshdas
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.
akashbothra
Nifty has also bounced from a support area in daily and weekly charts
ssikander08
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
Shaily01
hitting alarm again and again,kind of choppy market,taking profit in small amounts.bulky on few stocks in hope they will rise back.
Shaily01
nic kinnari :)
waves27
@Kinnari_Prajapati :Maám In nifty it looks like the larger C is coming down... ??kindly confirm.
shanthiraj_Jain
any further idea of nifty @ kinnari prajapati, put some fresh analysis considering todays break out
abhi.rus
@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.
daxeshkapadia
Hold 11200 call , what to do Madame
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