saraltanwar

saraltanwar

since cnx nifty 500 has almost gone back to wave 2 low and if it in today's session it breaks below wave 2 low then i am completely in camp that nifty has topped out for wave 3 of march 23 lows and its going to 24750 before any meaning full bounce.

saraltanwar

I think gift nifty is making ED in wave v of (vth) of 3rd from march 2023 lows . once it overlap 25450 fut and holds 24770 fut there would be 1200 points rally till Diwali.

saraltanwar

It was not expected by me that after doing so much extensions in wave v of 3rd it would still form a Ed in wave (v) of 5th of 3rd but now its now has become possible as nifty has come so high. Till early Septemebr lows hold on next dip , it can still make new high in 3 waves for 27000-27600 level

saraltanwar

Gift nifty is about to start its correction of wave 4, degree is not clear. either its takes support at 25800-25750 level and then makes a new new all time high. But on break below 25750 Fut for 1-2 hours can bring 25450 level which could again be used to buy again with Sl of 25250 on closing basis for new all time high.

saraltanwar

It can be seen in chart that around 106.50 , DXY would do its 38% tgt for its 5th wave of its C wave or its (iii) rd wave, which means a dip down again to 100 in case of a (iv) th wave is around the corner as soon as next week. In case of move beyond 106.50, it would only mean a extended move for 5th of (iii)/C but even then a trip back to 100 is about to start in...

saraltanwar

It is likely that DXY has started to show a pull back to 100 or slight below it. Wave 2 of this 5th wave was small so wave 4 could be 38% to 50% in retracement

saraltanwar

dollar index about to complete its current up move.Fall below 95 would bring 92 atleast if not a completed break down below 89.

saraltanwar

My view is bearish on dollar and this is best bearish count to my mind. 61% retrace of whole decline of fall from 101 to 89 is almost achieved. Even if dollar has to rise more to 78.6% retrace or complete 100% retrace to form a triangle , then also it has to provide a second X wave and then it may rise again for a final Z wave on upside before a larger decline...

saraltanwar

Nifty is in some sort of triangle Bearish triangle 1: triangle range 14155-15044, under this count nifty has done its A wave at 15044, B is under formation in which W of B ended at 14418 and X of B ended at 14966 and Y of B is under progress which is again abc,( a) wave of Y is done at 14595 and after doing a( b) of Y again( c) of Y would come which would end...