completed an irregular correction ending at @ 5161 and
started on its "3rd" wave and poised to move into its "3rd of that 3rd" wave today.
Post that gap up with +ve cues, a shallow pull back and
to another high which is where one should book out of their Longs.
(Either partially or fully as an "abc" possibility will have just 3 - waves).
1st: 4944 to 5214 = 270 points
3rd: 5161 + (270 x 0.618)=5327 OR
3rd: 5161+270=5431
8 comments:
Hi Ilangoji,
I am new to NIFTY future trading. Kindly advice whether the trading parameters prescribed such as entry level, stop loss, target etc. are whether with reference to the future or spot value.
pradeep,
all are spot values
G.M Ilango Sir
Will it be advisable to go short at current levels for intraday with days high as stoploss?
hi..Satheesh,
Go long on intra dips for a target till 5300-5325 minimum.
Dear Ilango
Long from 5270 in Nifty is advisable?
nifty like to test 5350 in near term
more................
http://www.niftylivecharts.com
Hi, namita
The Nifty Future Buyer Vs Sellers Chart
from ur above link is interesting & helpful.
Thanks.
Happy Birthday and wish you a great year !
Ganesh.
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