Nifty made its absolute Top.
You can buy monthly puts of September and October at cheapest prices premiums can go from 3x to 5x in next 2 months . Agressive selling coming from tommorow.
Upside limited Downside unlimited .
Ankit Tyagi - Stock Data Science
looks like nifty is ready to top out expecting a final push up towards my marked prices somewhere around october to complete wave 5 from covid lows which is wave 5 of higher degree from 2008 lows and cycle wave 3 . After that expecting a bottom in my white box around Q3 2022.
This post is to analysis or predict the Nifty possible top in future.
On 13th Aug 2021, Nifty closed at 16529.
This analysing has been made on Nifty Monthly Chart from Nov'1998 to Aug'2021. I have tried to summarize the nifty movement in a "complete cycle" of Bull and Bear market.
Let's understand what is "Complete Cycle" means?
To begin with, I would like...
Nifty 15min chart suggest from 13402 wave 1, 2, 3 are completed at 13597, 13447, and 13773 respectively. If wave 4 also completed at 13658 then wave 5 projection range is 13800-13887 but if wave 4 is still running then 13696-13648 is support range in which wave 4 can complete and then 5 will start.
Nifty will be negative if trades below 13648.