Hi friends,
I would discuss a bullish and a bearish count for nifty .
Most of Ellioticians would agree when i say we doing a abcde and we are in e wave
now the difference can arise whether e is done or a of e is done and b running with c pending.
The yellow gives bearish move and blue gives bullish move.I would prefer bearish count which says we take support near 5600+-50 and rise towards 6000 before next down leg .
Any how both counts suggest rise after some more fall 5600 is good support lets see nifty reaction there.
Happy trading..
I would discuss a bullish and a bearish count for nifty .
Most of Ellioticians would agree when i say we doing a abcde and we are in e wave
The yellow gives bearish move and blue gives bullish move.I would prefer bearish count which says we take support near 5600+-50 and rise towards 6000 before next down leg .
Any how both counts suggest rise after some more fall 5600 is good support lets see nifty reaction there.
Happy trading..
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