Expected to have completed the correction against the rally from 18842 on 26 oct and is expected to be in wave 1 within wave 3 formation and expects further highs as far as it remains above 19760.
Do you think that it is going to raise to 20000s today also, are we going to see 19950 in case of NIFTY 50? Further, can I say that the current immediate range is 19880 to 19920, then is it a wrong statement? If yes, how will you describe it? My bias is that which ever end is broken in 15 minute tf with at least two consecutive candles in that direction, the market will be taken to that direction for the day.
nikhilnbr
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@asnair, yes i believe we are going to see more than 20000 not today but eventually, for todays expectation is for 19900, either it will be reached within first 15 min or first 15 min will be sideways and then rally to 19900, the view is upside only as far as it remains above 19700 and i wouldnt dare to sell nifty today.