Nifty on 240 mins time frame
wave 4 unfolding at the moment
if 9966 levels is preserved,, still chances of wave 4 extending till levels of 10560 to 10600 levels
below 9966 levels if sustains , current peak will be marked as wave 4 and here on wave 5 will take charge,,,
smaller time frame levels to be watched
9880 which is peak of 30 april
below that 9770 where we have seen reversal for 3-5 times in this rally,,
below this levels there is huge gap which would lead nifty spot to 9500 to 9540 levelsss,,,
wave 4 unfolding at the moment
if 9966 levels is preserved,, still chances of wave 4 extending till levels of 10560 to 10600 levels
below 9966 levels if sustains , current peak will be marked as wave 4 and here on wave 5 will take charge,,,
smaller time frame levels to be watched
9880 which is peak of 30 april
below that 9770 where we have seen reversal for 3-5 times in this rally,,
below this levels there is huge gap which would lead nifty spot to 9500 to 9540 levelsss,,,