Thursday, February 27, 2014

Nifty Trade strategy

Hi friends,
                 February series ended on a high .I had posted a expiry View Nifty expiry.
Nifty expired on said direction,Now a new series in on lets see how waves unfold.
Lets look at the present chart structure.
Nifty Trade strategy
We are in 5th of
impulse of lower
degree and it can end
anytime.The options
we have according to
elliottwave is shown
in the chart.
Lets look at the lower
time frame chart
to have a better look
at the structure.

Nifty Trade strategy
As long as nifty remains
above 6215 it seems fine.
Below 6215 first sign of
weakness .Below 6160
trend would get negative
else we can rise back
from 6160 .Lets see how
nifty behaves in next
few days it would
show the roadmap

for next few weeks .



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