It seems 5 wave moves is completed from 10334 to 10984 which can be wave C or wave 1 of bigger 3. As of now 10825 is important level for upside reversal. If we found corrective pattern from 10739 to 1092-10825 then one more low below 10739 is possible but if stays above 10825 with impulsive pattern then it will be a good sign.
nifty 50 moves positive around 57.15 pip which breaks previous day 10915.40 as well as previous week (from 3rd December to 7th December) top 10943 if it continuous to break 10985.15 Buy @t Entry : 10990 Stop Loss : 10890 Target 1 : 11015 Target 2 : 11023 Target 3 : 11040 Target 4 : 11090
Wave (v) in blue color is in extended zone and wave (v) in red color will be in extended zone after 11016. Maximum projection of both these waves are coming at 11071. So we can conclude that from 11016-11071 range small or big decline is possible. This decline can be 45-75 points or it may be 120-200 points. The only confusion for that decline is because of the...
If Retracement levels will come(with Corrective pattern) then it will be a buying opportunity with stop loss of 10622. This retracement levels will change according to new fresh high of tomorrow. If impulse started from 10494 is wave C then it will not go much higher above 10780. OR If impulse started from 10494 is wave 3 then...
It seems wave (A or 1) is completed at 10565 and retracement levels for wave (B or 2) are given in chart. which can be used as buying zone with stop loss of 10333 which is of almost 100 points so plan your trade by analyzing wave pattern on live chart tomorrow. Good luck.
Here in this chart wave (5) and wave (v) will be in extended zone after breaking 10486 and 10408 respectively. Maximum range of both waves is coming at 10351-10325. so after completion of both wave Nifty can bounce up to 10543 and further it can also extend to 10700.
Nifty pattern is suggesting one more decline to 10547-10455. where 10547 is minimum target for nifty.
Most probably one impulse wave is completed from 10774 to 10512. and we can consider it as wave (A) and now retracement levels of wave (B) is coming at 10612, 10643 and 10674 which can be achieved in coming sessions. I would suggest not to trade for wave B in options and wait for wave C to trade. OR If Nifty decline from present...
As per wave count Nifty is still indicating a down fall towards 10552-10502 range as wave (5). one can use 10634 as stop loss for that trade. Have a safe and profitable trading...
DO NOT PANIC IN SITUATION 20th Nov 2018 and 21st Nov 2018 fall in NIFTY occurred due to correction and profit booking Important support around 10600 and 10550 If NIFTY holds 10620 it may move towards Resistance 10655, 10685 and then 10720 onward and also rally upto 10815 in the next week expiry NIFTY may even move towards 11350
Chart says all.....
Nifty achieved all minimum projection and now can correct up to 10595-10483 range. short selling can be initiated after seeing confident pattern with small stop loss for the target of 10594-10483.
Nifty Enter Fighting Zone Keep watch... and also form AB=CD Expect zone 9950 to 10150 watch also Global Factors... Possible to drop down Disclaimer: The information contained in this presentation is solely for educational purposes only.
Wave 5 and (v) both are in its completion range so buying should be avoided and trade whenever get the opportunity for selling with small stop loss.
As expected wave (iv) completed as irregular correction at 10440. Now wave 5 projection range is coming at 10666-10803 which can be achieved in coming sessions. Tomorrow intraday buying range is coming at 10571-10555. If Nifty breaks 10596 in opening only then buying range will change according to that but if nifty enter in 10571-10555 range without breaking...
nifty elliott wave analysis for 6th nov 2018