Holding 10050 5th wave possibility still exists.
B of 4th wave in running, could tgt 10440 or 10500
Then after
C of 4th commence up 10150.
Below 10195 bearish scenario as per previous charts
Holding 10200 bullish scenario for 10400 (high made 10408 )to 10500 and then 10150.
Nifty In 15 min charts, The 'C' wave (Fall) started from 10553.Could tgt 9600-9700 or more.
Below 9500 the Medium term uptrend structure would be changing. I will update if 9500 broken.
Faced Resistance near 10550 (200 EMA) also Looks like completed (i) wave of 3rd , And alternet options "B' ,
In all 3 scenario suggest fall .
50 to 61.8 % support important.
Breaking of 10260 giving confirmation of 4th started from 10386.
Would target near 10130.
The views are only educational purpose only. not for recommandations.
The details of nifty already written in chart. (short with sl 10180 or wait for 10300)
The small 'C" wave tgt near 9600 , Or Alternet count
If it Continue of Big "C' started from 10326 , Then Down Trend continue ( would be updating count if 9350 breaking )
This is only educational purpose only ,not for recommendation.
NIfty
From 8809 to 10329 Looks like completed 5 waves .
From 10329 to 9544 =A
From 9544 to 10165 = B ( or B still in progress , Could attempt 10300 too)
From 10165 'C' starting Would be tgt near 9600.
