If you had referred to my previous idea-- , you would've noticed that NIFTY moved exactly as speculated. When I was analyzing individual stocks today, I could see most blue chip stocks getting ready for a bullish move. I came back and studied the wave count of Nifty. As expected, I found the price to be at a 0.236 retracement level from wave 0. I can suggest my viewers to go long as and when needed from this level. The next target for nifty would be 8736. The current price is 8181. If nifty moves below 8135 in tomorrow's session(Monday, 4th May 2015), the count is invalidated and everyone can resume taking SHORT positions. If tomorrow closes positively, then we can see a BULL market for +550 points.
Final Conclusion: Do not trade on 4th may 2015. Watch the prices.. If we close positively, then be confident and start taking long positions till notified next on tradingview.com by me.
price action subtest 8000/7980 spot swing area possible
mkdeep04
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sorry discard above .. for now... 85xx coming first
Elliottician
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Yes.. We do have a minor resistance at 8507. But in my opinion and experience, wave 2 which is currently forming can exceed much beyond the minor resistance. So let's watch.
Omidtrades
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Hi , Please share your view after today trade...NF fall 227 point...