Fate of NIFTY, NIFTY View in WEEKLY Basis:
Updated
NIFTY View: WEEKLY Basis:
After 3 Week "-VE" Closing, Manage to Close "+VE" & Above GANN Arch "4 X 0"
Can Say Consolidation.
If consider "AB" = Wave - 1, "BC" = Wave - 2,
Then to fulfill criteria of Wave Principle length of "CD" ( as Wave - 3) must not LESS than "AB".
As of NOW CLOSE 9665.8, Above Crucial Level 9633
Why 9633 Crucial ?
As because FIB R 1.618 of BC. (1.618 known as "GOLDEN Ratio")
SCENARIO for BULL Control:
SCENARIO #1: TGT: 9792
Correction Starts from 9792 level, As because 9792 level is FIB Ext. 0.886 of ABC & GANN Arch 4 X 1 (Violet Color)
SCENARIO #2: TGT 10036.70
IF Closed above 979 & Assuming Pattern ABCD Complete.
Then Point "D" = 10036.70, 100 % FIB Ext. of ABC & FIB R 2.0 of BC.
SCENARIO #3: TGT 10372
IF Close above 10036.
Point "B" = 31.39 % of Point Value of "A"
If same Growth i.e. 31.39 % maintaind
Then New High will be at 10372.
Probable Range:
10293 (FIB R 1.618 ob AB) to 100315 1st Ext. ABCD Lvl (FIB 1.13 of CD)
Scenario for BEAR Control:
SCENARIO #4:
Market Won't made NEW HIGH ('H")
1st Correction Level: 9281 (FIB R 0.236 of CH)
2nd Correction Level: 9026 (FIB R 0.382 of CH)
3rd STRONG Correction Level: 8587 (FIB R 0.618)
SCENARIO #5:
Made NEW HIGH ('K") at 9792
1st Correction Level: 9067 (FIB R 0.382 of CK)
2nd Correction Level: 8619 ((FIB R 0.618 of CK)
(can Treat as Extreme Level)
For Daily Levels:
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
After 3 Week "-VE" Closing, Manage to Close "+VE" & Above GANN Arch "4 X 0"
Can Say Consolidation.
If consider "AB" = Wave - 1, "BC" = Wave - 2,
Then to fulfill criteria of Wave Principle length of "CD" ( as Wave - 3) must not LESS than "AB".
As of NOW CLOSE 9665.8, Above Crucial Level 9633
Why 9633 Crucial ?
As because FIB R 1.618 of BC. (1.618 known as "GOLDEN Ratio")
SCENARIO for BULL Control:
SCENARIO #1: TGT: 9792
Correction Starts from 9792 level, As because 9792 level is FIB Ext. 0.886 of ABC & GANN Arch 4 X 1 (Violet Color)
SCENARIO #2: TGT 10036.70
IF Closed above 979 & Assuming Pattern ABCD Complete.
Then Point "D" = 10036.70, 100 % FIB Ext. of ABC & FIB R 2.0 of BC.
SCENARIO #3: TGT 10372
IF Close above 10036.
Point "B" = 31.39 % of Point Value of "A"
If same Growth i.e. 31.39 % maintaind
Then New High will be at 10372.
Probable Range:
10293 (FIB R 1.618 ob AB) to 100315 1st Ext. ABCD Lvl (FIB 1.13 of CD)
Scenario for BEAR Control:
SCENARIO #4:
Market Won't made NEW HIGH ('H")
1st Correction Level: 9281 (FIB R 0.236 of CH)
2nd Correction Level: 9026 (FIB R 0.382 of CH)
3rd STRONG Correction Level: 8587 (FIB R 0.618)
SCENARIO #5:
Made NEW HIGH ('K") at 9792
1st Correction Level: 9067 (FIB R 0.382 of CK)
2nd Correction Level: 8619 ((FIB R 0.618 of CK)
(can Treat as Extreme Level)
For Daily Levels:
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Note
As of NOW (at 2.39 pm of 10th JULY 2017) at 9778.65made NEW HIGH at 9782.10
9.90 point behind Mentioned "9792".
When many of analyst Shouting in favour of "BEARS"
I Have mentioned "LONG".
Thanks to Viewers who "Agreed" with my IDEA & Motivate me.
Note
SCENARIO #1: TGT: 9792COMPLETED.
Market Test this LEVEL STRONGLY.
Note
Made a HIGH 9913.30Nearing "SCENARIO #2".
Though Loosing pace i.e not much STEAM Left.
FnO trader do Cautious Approach.
Note
All mentioned in Chart as Call outNote
SCENARIO #2: TGT 10036.70 Completed.What NEXT ???
SCENARIO #3: Projected TGT 10372
Or Below new Post.
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