Nifty has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level. Therefore, I am expecting a sharp fall in coming months (July to December) for completion of Sub-wave C which is of Major Wave 4.
Short Nifty when Nifty comes and closes below 18887. Keep SL 19523 (closing basis) Target Minimum whenever nifty touches red line.
Nifty has made complex irregular structure of internal Wave 5 and has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 by abc pattern (irregular pattern). I am expecting a sharp fall in the month of July, August & September.
Nifty has completed its 5th wave upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level looking same divergence as before Corona Period and Sharp fall occurs at that time also. At this time also RSI divergence is there in monthly time frame and USDINR is on the verge of breakout of a Bullish Penant pattern and therefore, I am...
Nifty has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level looking same divergence as before Corona Period and Sharp fall occurs at that time also. At this time also RSI divergence is there in monthly time frame and USDINR is on the verge of...
Nifty has completed Major wave 4th @ 15183.40 on June 17, 2022 and now, after breaking out RSI divergence is over. Now, Nifty is in Major 5th Wave and completed its internal wave 1 and wave 2 and started wave 3 which has target of 22693. But before that Nifty will make correction upto 18690 in July month as Nifty is overbought.
Buy @ 855 SL 841 (SL on 15 min. candle close) Target : 950 CMP @ 855 June 23, 2023 Chart by CA Savita Rehlan
Buy above 1525 SL 1482 Target : 1598-1673 CMP @ 1512 June 18, 2023 Chart by CA Savita Rehlan
Sell below 18432 Target 17800-17750 SL 18640 (stay above for at least 15 min.) CMP @ 18593 June 05, 2023 Chart by CA Savita Rehlan
Buy @ 728 Target 813-1064 SL 481 (stay above for at least 15 min.) CMP @728 June 01, 2023 Chart by CA Savita Rehlan
Nifty is in strong resistance zone and might be a reversal from this zone as Nifty has achieved 78.2% retracement from the bottom i.e. 16828 and also 5th wave is about to complete in this zone. Short Nifty positionally also for the mid term (approx. upto July) target 16400-15800. for short term :- Short Nifty @ 18328-18486 SL 18588 (SL on 15 min. candle...
Short Nifty @ 18150-18200 Target 16500-15700-14100-13800 SL 18300 (stay above for at least 15 min.) CMP @18180 May 05, 2023 Chart by CA Savita Rehlan
PRZ for Nifty @ 17850 SL 17840 (stay below for at least 15 min.) Target 18069-18119 CMP @18269 May 08, 2023 Chart by CA Savita Rehlan
Short Nifty @ 18712 Target 18480-18330 SL 18905 (stay above for at least 15 min.) CMP @18069 May 05, 2023 Chart by CA Savita Rehlan
Inverted Head & Shoulder Breakout is confirmed in Nifty as Nifty made weekly closing above this level and sustaining above this level. Also, there is trendline breakout in Nifty. Close all shorts when Nifty comes @ 17920-17950. Also, take a buy opportunity in this zone with Strict SL 17880 (SL on 15 min. candle close) for the target 18650-18840.
Buy Nifty above 17863 Target 18034-18404-18664-18781 SL 17580 (stay below for at least 15 min.) CMP @17772 April 25, 2023 Chart by CA Savita Rehlan
Short Nifty @ 17950-17970 Target 17709-17587-17431-17207-17124 SL 18100 (stay above for at least 15 min.) CMP @17955 April 28, 2023 Chart by CA Savita Rehlan
PRZ for Sell @ 17950 - 18034 SL 18100 (stay above for at least 15 min.) Target 17709-17587-17431-17207-17124 CMP @18000 April 28, 2023 Chart by CA Savita Rehlan