What happened post our trade in UJ:
UJ went to 111.474 & started falling sharp down to current firstname.lastname@example.org which is of the rally from 110.67 to 111.474 -has satisfied that 5th wave itself is sub-dividing & we are about to finish 2nd wave in 5th wave---
What we expect
We are looking for 3rd wave which are usually explosive & looking for target zone 112.30--112.50 -if this turns out to be true then...
What will happen to India Nifty
India Nifty which has been struggling to cross 7980 mark-important supply or resistance level- shall be crossed & intraday itself -we can have the boom...8030--8050 as target.
UJ---110.64 shall be strict stoploss
India Nifty- If 7980 crossed---7919 shall be stoploss.
Regards, Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ