Nifty fall till 17500 Levels | Wave C confirmed on Daily chart
Looking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C
-in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100)
-Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed
-Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :)
*This theory gets invalidated if today's high is broken*
Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart
Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
-in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100)
-Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed
-Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :)
*This theory gets invalidated if today's high is broken*
Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart
Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.