It was wonderful trading session yesterday.
As per yesterday move looks like we are in corrective structure in Nifty if not then Nifty has to cross yesterday high very fast today if new impulse move is going to start.
Movement will sideways will look to enter in shorts close to 17500 to 17550 for to test the support area 17300 otherwise will avoid todays...
As per finding, Nifty looks like doing two pattern 1) Leading Diagonal or 2) WXY correction.
So today is going to be trend deciding day for Index.
We take out yesterday high, it means we moving up then trade plan will be every dip should consider as buying opportunity
We break below 18070 to 18050 then fall will be sharp.
Best of Luck!!
It was very wonderful week.
As per study, Index still looks in correction. Todays bull move will change whole market emotions that nifty is going for ATH but need to understand still needs caution on long side.
We are posting a tentative view, will cross check the at 18200 odd levels.
Best of luck for next week....!!!
Nifty bulls still face hurdle tomorrow close to 17950 to 17990 levels if these levels will cross convincingly then we can notice 18100 to 18200 levels soon.
This view is as per 1 Hr Time Frame, if will see bulls are doing good then will update accordingly.
Best of Luck!!!
As per finding Nifty is in Wave B & doing complex Correction in the form of WXY and the same we can expect end for the same by tomorrow @ 17850 - 17800 Levels.
Tomorrow, Nifty will start wave C towards 18200 odd levels.
Best of Luck!!!!
Nifty still in consolidation, we may see the level of 17900 - 17830 after that we may start upward journey that journey will looks impulsive but in that also caution is required.
Nifty can form a Triangle in current position.
Caution required in all trades.
Best of Luck....!!!
As looks like we are still in correction in Nifty.
First possibility: - Bounce from 17613 to 18013 is a corrective bounce of A & now we are in B. B wave will end @ 17807 to 17720 then will see a C wave Bounce.
Second possibility: - We have completed A & B corrective waves & now we are in C then will be moving towards 18150 by today only.
Best of Luck
It look like, Nifty still is in correction.
We have completed A @ 17613 now we are in B & it may come upto 18225 after that will fall again for C & final leg of Wave 4.
Note: - In B, we have completed A & B Leg & now we expect C leg for 18225.
Best of Luck & Happy Diwali....!!!
As per finding.....would like share that as per RSI looks like wave 4 complete with the retracement of 23% or wave 4 will do its completion @ 38% which is 17750......!!!
At the moment index is no trade zone.....!!!
Thanks & enjoy trading!!!
In advance assuming that SILVER is doing a INVERSE HEAD & SHOULDER as of now this pattern is in formation so still we have to wait & watch in silver for big bull run in it or if it start trading above 24.82 then it means silver moving toward 28.00 level.
Make a note that this courter is not good for short......wait & watch to go long in it.