Indice NIFTY 50Long
Nifty Hourly Projections | Elliott Wave | Levels
Nifty is been complex correction and completed wave B/X at 24226 as we expected in last idea.
Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio:
1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis.
2: bearish side can be risky if entered early, better to watch till it breaks 23496 then short for atleast 425.. need to observe near 425 since if it rare case of ending diagonal then it might reverse gain for short duration.
Below 425 we will trail till 350-300 as final destination for this swing.
Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio:
1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis.
2: bearish side can be risky if entered early, better to watch till it breaks 23496 then short for atleast 425.. need to observe near 425 since if it rare case of ending diagonal then it might reverse gain for short duration.
Below 425 we will trail till 350-300 as final destination for this swing.
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