Nifty after a false breakout from 11100 is now trading at 10600 levels !!
Nifty EW Count :
Most likely wave 1-2 with wave 2 in play on upside -- Look for shorting at higher levels of around 10790 first fib lvl !!
Nifty level : Short around 10790 - 10850 : Target - 9400-9000 : SL - 10900
Long above 11015 only !!
Keep in mind if Nifty EW count is correct Wave 3 would be faster and fall will be more than Sept-Oct fall !!
Nifty EW Count :
Most likely wave 1-2 with wave 2 in play on upside -- Look for shorting at higher levels of around 10790 first fib lvl !!
Nifty level : Short around 10790 - 10850 : Target - 9400-9000 : SL - 10900
Long above 11015 only !!
Keep in mind if Nifty EW count is correct Wave 3 would be faster and fall will be more than Sept-Oct fall !!
Trade active:
Nifty Short positions now active with stop loss @ 10830 on 15 min charts !!
