Thursday, May 22, 2014

Nifty wave counts 22nd may

Hi friends,
                 Nifty continues its move in a small range ,In my last nifty post
had shown the given options available.
Nifty did breach 7350 on 20th though it was opening spike,Lets see the 
present picture.
Nifty wave counts 22nd may
From the chart we can see 
since 7350 was breached in initial
trades on 20th ,The impulse down
thing looks unlikely,Once nifty
sustains above slanting trend line
we can see c wave rally of c wave
of bigger B wave ,Below 7206
the c wave rally may not come 
today would be a decider,As 
we have been sideways for

sometime after election spike.
Lets see how nifty moves in next few days.


nvk said...

Nifty future range is within 50% - 23% retracement of entire up move which makes us believe that up move is doubtful and waiting for trigger for next move may be towards 7100

Post a Comment