This is Nifty 2hour chart. From 15431 its looks like complex correction is going on and its still not completed. As of now from 15044 last abc is going on and in which a and b is completed at 14416 and 14967 respectively and wave c started from 14967 may complete below 14151 to complete triple zigzag correction started from 15431. Have a Profitable trading..
i am already short from 14900 levels as per your followup videos....
as SGX is above 14800...so we should sell any pullback coming up....
waiting for Youtube video update
arrjey
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seems like you should go long or short According to the price action. there is a short term uptrend if you look closely.
JagdishKumarPahuja
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Sir let us ignore abc-x-abc-c & all that . As long as nifty does not break above 15431, it is correction.Also watch 14151 on the low side .As a wave count it is taken 4 th wave as has been talked by some analysts. 4 th wave is considered as profit booking phase . But look at the stocks already fallen a lot . Smart money is selling & booking profit .
dhinesh_kumar
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@JagdishKumarPahuja, Mr. Jagdish he knows what I'm talking or referring. Have some common sense, a correction does not end when breaking the correction's high. If it breaks above 15431, it does not mean bullish market starts (it may be end of bull-market) and vice-versa. If couldn't find end of the correction, will miss good ride or already riding on wrong side.
BTW, the comments posted here is not to do some negative comments. Wanted to be on same page, thats it.
dhinesh_kumar
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I'm not expert and still learning. I have few doubts/questions.
1. Fall 15431 to 14151 is abc(zigzag)-x-abc(zigzag). If Z is pending, it should be zigzag correction. But the fall 15044-14416 does not look like impulse. What you think?
2. The pullback 14264-14984 was marked as abc. But what I saw is abc-x-abc based on inner waves. What am I missing here?
JagdishKumarPahuja
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@dhinesh_kumar,
Shri Dhanesh Kumar Ji , you have mis- understood my point of view that trade on the breakout of high— low range 15431—-14151 & ignore up & down happening for the last 68 days.
It was not addressed to you , neither
negative comments , however , if it has hurt you I am sorry.We all are betting on probabilities in trading , no one can be sure as how the market behave in future .
ckirtane
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can you give some better long term(3/6 months)idea on the basis of daily chart? this will help us for future planning.(take weekly & monthly positions) you are also right saying SGX nifty is not reliable .
as SGX is above 14800...so we should sell any pullback coming up....
waiting for Youtube video update