5th wave completed on 1275-1280...after that gold will be prepration of correction...
in small correction support on fibo 1.68 and trendline....
bullish level on nifty 9175...3rd wave is extention so nifty will go for 9024....
stop loss 18670....exit ur position this level..
These Three point are reversal point....and nifty touch 8203....its a perfect extention on 3rd wave...
spot on nifty 8856-8848...an i assume 4th wave also complet on this level..
As par my calcultion Wave X between 8550 to 8600...And nifty go for 8300....
Now buy bank nifty...sl 18900... target 19300-19450
Wave (Y) Should be Completed on between..8350 to 8400....
for a short term trader...
Resistance zone...1302-1310.....expectecd target...1205-1210......