Nifty view from 20 April onward

24 Nis 2021

Nifty appears to be forming WXY correction which might end at around 13803... Currently it might be forming the B leg of Y which could go around 14570 to 14670 which are a stong resistance area of .500 and .618

Moreover the structure also appears to be forming Harmonic Bat at 13806

Just a view of mine... could be wrong too...

26 Nis 2021

İşlem aktif

the Y(B) leg is in progress and the next Y(C) could be an impulse wave till 13803 & if it skips, may go till around 13600 level...

the level 14250 is a strong support zone.... there is a 3 wave correction which has ended at level 14250 but then taken another corrective view... be aware of it

time to accumulate good quality stocks once correction ends

29 Nis 2021

İşlem aktif

technically a 3 wave WXY correction has ended at 14280 but the recovery was not as swift as it suppose to be..

from 13280 it more looks like an Expanded Flat (3-3-5) which might go up-to 15167-15413

2 May 2021

İşlem aktif

currently the A leg is in progress of Y and may retraces up-to 14325 and looks for Y(B)

5 May 2021

İşlem aktif

definitely on its path.... brace yourself

30 May 2021

İşlem elle kapatılmış

it took the support of 14250 which might have likely ended the correction... however, the impulse uptrend is not upto the required pace... fresh view will be given..