Nifty - Revisiting Monthly Wave Count@11760

19:35 Hrs 30th Aug 2018

Last Price@11676


Note - Any move above 11700 - Sellers should be careful

As updated in last published idea on 22nd March 2017 mentioned below- Going & staying below 8968 we would have gone into big correction but thanks it was not triggered & It had awesome run upside to present highs of 11760.

Taking The Count Shown - Keep in mind that I have used question mark that means these counts could be changed once we get market clues as suggested in the post.

We would be careful in taking long positions now which is evident from markets as only few stocks are trying to move index upside on regular basis.

Next Important Support Zones
Key Zone -10900-10925

Critical Zone - 10500-10550

Plan A
Any sustained move below 11700 we shall look for key & critical support zones as target zones next & if key level@10900 & critical level 10550 is taken out downside then that would be early sign that we are entering bear market.

Plan B
Holding 10900-10925 zone / 10500-10550 could be next buying opportunity for new highs beyond 11760 later.


Important levels which was picked in between
Picking Few Tops @11138 - Tops@11171



Previous Monthly Count - Click the Idea to know more in details

Trade closed manually:

11:49 Hrs 31st Aug 2018

Last Price@11655

Won't be updating frequently as it needs lot of patience & time from my end to track short term moves. It was a larger view for your consumption.

Take care - see you at the other side

Happy weekend.