Posting current View on #Nifty
Probability of C.3 / 3.3 down currently within which the 5th wave down is in progress~
15800 is approx 61.8% level, below which 156xx should open up~
Note that the C.4 / 3.4 coming up should break the channel of internal waves of C.3 / 3.3 as shown
Probability of C.3 / 3.3 down currently within which the 5th wave down is in progress~
15800 is approx 61.8% level, below which 156xx should open up~
Note that the C.4 / 3.4 coming up should break the channel of internal waves of C.3 / 3.3 as shown
#Nifty Bearish remains the preferred scenario for tomorrow-
78.6% @ 15635 becomes important next for tomorrow till 15900 does not cross on hourly basis; hence risky to carry longs~
Usually W3.5 goes deep beyond 61.8% (16800), so far already done 68%~
78.6% @ 15635 becomes important next for tomorrow till 15900 does not cross on hourly basis; hence risky to carry longs~
Usually W3.5 goes deep beyond 61.8% (16800), so far already done 68%~
Currently resisting again near the channel around 16k as shown, should eventually break after some correction to confirm wave 4 in play~
The wave 4 in play can do upto 16120 via C up and if sustains above this can do upto 16300+. Once done, 5th down can do upto 15600-700. So we should trade in broad range of 15600-700 to 16300-400 for next few sessions.
16300-400 as mentioned earlier is the higher part of the range given earlier, 5th down expected to commence soon, probably after one more high~
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