Possible Move for Nifty Tomorow 04/01/2018.
In the 30 Minute chart Nifty is still making a beeline towards completing the correction of WAVE (C) at 10612 or 10537. It may then start an impulse wave towards Wave (D) at 10667.70. It may test resistance and head downwards completing the Wave (E) cycle at 10550. This may last up to two trade days perhaps?
This is just for analysis. Please do not take this as a trade advice.
In the 30 Minute chart Nifty is still making a beeline towards completing the correction of WAVE (C) at 10612 or 10537. It may then start an impulse wave towards Wave (D) at 10667.70. It may test resistance and head downwards completing the Wave (E) cycle at 10550. This may last up to two trade days perhaps?
This is just for analysis. Please do not take this as a trade advice.
Trade active:
Nifty has gone into a 4th wave (A,B,C) correction at the bottom. Corrections can be long and hard to interpret. But if it is extending the fall on the (E)wave will be greater than predicted.
Trade closed manually