Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
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Nifty future today lead towards the higher level of 5400, as we already mentioned in our earlier report that decisive closing above 5345 to 5350 may continue the upward trend for a while. Still nifty future did not break the 5400 level, but overall looking strong on charts. In the downside the short term floor for nifty future is seems to be around the levels of 5290 to 5300. Traders should focus on buy on dips in nifty future until it close below 5300.
Nice posting-
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I think as per your chart and table Nifty seems to go towrd 5445 before comming down...
And as per my study i expect around 5611 high then only correction will ocur
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