In this 1hour chart it seems wave (i), (ii), (iii) and (iv) is completed at 11305, 11181, 12025 and 11535 respectively. And from 11535 may be wave (v) started and already achieved its 38% projection and almost near to 61% projection. so now we need to be cautious on buy side. The only confusion in this chart is the speed of wave (v) from 11535 is sharp and steep. For immediate move we should concentrate on the bounce from 11535 in 15 min chart.
I don't get it why people are so foolishly dead set on fall till 7000-8000? why will nifty go there, look at nifty 3 years chart what an impressive move from 8000 to 12400, slow and steady, yes we will see a correction from a lifetime high but it wont be 1500 or 1000 even, seems like people have forgotten US MONEY PRINTING is the real king of the market, nifty will go 13500 in 2021
nandajyoti07058
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Ha ha as expected all cover oder placed in right path ,sell put at higher levels and buy on right side .
As of now all put operator collapse but the plan b works very correctly.
marathnandakumar
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The rally from 7511 is V shaped and may end somewhere near 12430.+or-100. But the biggest question is what next?. I believe it would be a bear market that may last atleast 10 months because we haven't had any time based correction since 2015
shacks420
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Last week of mind blowing rally probably. 12550-50 to watch out for. Let's see
ckirtane
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the sharpness of wave can pull up to 12570 without much correction (less than 100 points & intra-day) as wave 5 is always sharp & swift.
ibrahimjunaid313
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Yes sir, i think i had the somewhat similar view, and on Monday except the current steep move a leg 'c' of ending diagonal and might degrade back to 12000 as leg 'd' and go up to 12300+ in a 'throw over' as leg 'e' and then bearish race downward over the months towards 8000- . Please correct me.
vishalwealth1
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@ibrahimjunaid313, please post your views on basis of chart and data
ibrahimjunaid313
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@vishalwealth1, i would need to show my chart for that though, its just my view, the basis is from elliot wave study. I might be wrong, i wanted to see where i am wrong from fellow commentors.
My thinking is nifty forming an ending diagonal, thats it.
Goutam5196
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sir make a youtube video also... it's been very long time...