#Nifty
Nifty 60 Minutes
Below all moving averages
Sell on rise till 18005 is crossed.
Making LL as previous HL at 17885 is broken.
Oscillator 5,35 is red
CCI red
Below CPR
Assuming 17406 as Wave 5 then 17972 to 17353 to 18134 can be taken a ABC
Nifty 15 Minutes
If 18135 is C then
18052 to 18100 to 17884 to 18004 to17818 can be taken as Wave 1 to 5
In 15 minute time frame LH is 18005.
In 5 minute Time Frame if we take take the fall from 17969 to 17818 then retracement will be at play.
17912 is LH and .618 retracement and 100 MA average too.
So that could be a resistance giving us a chance to sell.
Nifty 60 Minutes
Below all moving averages
Sell on rise till 18005 is crossed.
Making LL as previous HL at 17885 is broken.
Oscillator 5,35 is red
CCI red
Below CPR
Assuming 17406 as Wave 5 then 17972 to 17353 to 18134 can be taken a ABC
Nifty 15 Minutes
If 18135 is C then
18052 to 18100 to 17884 to 18004 to17818 can be taken as Wave 1 to 5
In 15 minute time frame LH is 18005.
In 5 minute Time Frame if we take take the fall from 17969 to 17818 then retracement will be at play.
17912 is LH and .618 retracement and 100 MA average too.
So that could be a resistance giving us a chance to sell.