Tuesday, February 26, 2019

Nifty elliottwave analysis

Nifty volatile range bound grind is still on.
Lets look at the current picture.

From the chart we can see a wvy is done and a further wave structure is underway.
The preferred count for now suggests either a b/2 is on as long as 10950-11000 range 
holds up on upside .This count suggests a bad march month for  nifty.Expiry is this 
thrusday lets see how nifty behaves ,The next few days would clear the doubt if all in 
the above count ,Overall the range bound move is still on with lowerside capped at 10500
and upside capped at 11000.


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