Thread by @JustNifty

#Nifty
FOR BULLS:-

The only retrace that matters now is of "18061 - 17798" - @ 17930-17961 above which chances of big rally to 18350-450 is likely & may be more too..

Holding 17825-860 is very critical

FOR BEARS:-

Break below 17825-860 & remaining below 17950 then on

#Nifty
+ve divergence in 5 & 15 min. t/f has produced a rally.
How this handles the gap zone of "17967-996" would give us clues for underlying strength/ weakness.

Always follow "Last rise or Fall retrace" to manage your trades.
#Retracementstrategy

#Nifty
Key Retrace of last rise from 17798 to 18001 is
"17876 - 17900"
#Retracementstrategy
As long as this Holds, higher levels coming.

Remember this condition.

#Nifty resisted after filling the Gap @ "17996", making a high of 18001 & making a "5" #Elliottwave and then retraced to 50% @ 17900, making a low of "17906"

So far as per plan.
Now, Holding "17906" (OR 17876);
Also, watch this fall's(18001-17906) retrace
@ "17954-965"

#Nifty retraced to 61.8%, 17965, high being "17963"

"17982" is 78.6% retrace.

Each phase of retrace offers a trading ops..
No guarantees..
Risk toh lenahi padega !!!