This is a classic Flat patternNSE:NIFTY is in the making. I used the Futures chart for continuity/ least gaps. The initial 2 legs A, B are done and Nifty is now in the C leg. Now that there has been a big move, there is a good chance that Nifty will retrace. Once the pullback/ retracement is done, it could go down to finish the C wave, at levels close to A.
India Nifty 50 Futures Has Complete the Perfect Wave 1 to 5 Up Trend movement.
It also Hit the Previous History High and Now it is Time To Look at A-B-C Movement
Suggest to use 1H or 4H Strategic to SHORT and Stop put on the Top of the Wave 5.
Follow me I may post some of the 1H/4H trade from time to time.
Wish All A Happy Trading Day and
because of the Nationalholiday at Friday I have switch to the Future, traded at SGX 0.02% 0.02% Exchange!
At Fridays tradingsession the Future made it`s high at 9926.50 and reversal strong after, by closing the day at 9905.0! So by making a new high in futures trading the odds are rising that NIFTY50 will catch up the high in Mondays trading by...