Nifty 50 Index
Long
Updated

Nifty Intraday Detour

231
Incase Nifty doesn't hold 25810 then will have to tweak the wave count and expect Nifty to correct upto 25712-25476. If that happens then we will plan to buy in Range of 25712-25608 and keep stop loss for 25476
Trade active
As discussed yesterday market moved as expected Detour and now we are going to have a double correction as shown in Black path. which means ((iv)) is not yet done and now we can expect the same to completing in range of 25711 - 25476 range. Which will give us a very good change for going long on Nifty for riding wave ((v)) in black.
We need to have confidence in our trade and plan well in advance entries and exits.
NO other THOUGHTs JUST FOLLOW THE DICIPLINE AND RULES.
Note
THIS VIEWS ARE FOR EDUCATIONAL PURPOSE ONLY AND IF YOU WANT TO TAKE ANY TRADE PLEASE UNDERSTAND THE RISK INVOLVED AND CONSULT WITH YOUR AUTHORISED FINANCIAL ADVISIORS.

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