nifty movements

[battina ravikumar]

if nifty opens above 12065  it may test 12175

if it consalidates above 12100 and 12175 we may see arally

strict stoploss 12040

[Rahul Hare]

wave count helped capture 80 points ..

seems like we are flirting with 11880!! If that is respected on a bigger time cycle ,we will be finishing wave A of the correction leg and will start wave B on the upside ..

range bound will be the story for now 12150-11880

 

[Rahul Hare]

[Ashish Kyal, CMT]

Hi Rahul, The internal counts does not look appropriate. If you counting 1 to 5 then it has to be a terminal pattern. Try to connect this pattern with the earlier rise.

[Rahul Hare]

<span style=”-webkit-tap-highlight-color: rgba(0, 0, 0, 0);”>Thanks </span>Ashish , ok got it .

But  even on the bigger cycle ,it ends at c..

and on the corrective pattern ,seems wave A has finished because 11880 was protected. B has now started  giving an upside to 12000/12050 and it should retrace from there  Wave C and try to test 11880 again..

Bollinger bands is giving a good indication of the move.

Your view ?

on bigger picture ,it will be range  bound unless 11880-12150 is protected .

but capturing  intraday move possible..

 

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