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sneh1985
Jul 1, 2023 2:48 PM

nifty looks set for a good pullback Short

Nifty 50 IndexNSE

Description

probable elliot counts on nifty from 16800 to 19200

nifty looks ready for a good much awaited pull backfrom 19200-19300 zones.
nifty running like an athlete from 16800 since 2 mths
almost 2400 points up
and may soon start its pullback move
on derrivatives data front pcr has touched 1.61
ivs at 10.8
shows too much greed and greedy could be challenged in coming days.

rise from 18650 has been with gaps. ( exhaustion gaps??)

also as per gann square of nine 139 square =19321 should act as strong barrier in coming days
139 is co twin prime number and also part of cardinal family
vibrations likely from this zone.
Comments
sneh1985
long monthly 19300 call and short fut at 19300
hold with weekly closing basis stops 19321
tar possible 19088-18965-18888
Sunny1103
Target for July 6 expiry?
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