Nifty Wave Analysis: July 18th 2024
Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.
Short Entry: 24587
Stop Loss: 24680
Expected Destinations:
23862 (23.6%)
23370 (38.2%)
And max 50%
Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.
Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.