As expected, Nifty opened gap up today, completing wave 3 of lower degree, as marked on the chart and that was all that happened today.. Being expiry day, Nifty kept correcting the entire day and still couldn't manage to finish of the correction till EOD. As marked on the chart, last leg i.e wave c of Y couldn't complete .. View for tomorrow remains to be bullish ... Expecting Nifty to cross 11600 levels .. However, a word of caution as mentioned yesterday also ... 11617 plotted as red dashed line on the chart, is vital for this rally to sustain ... Nifty must cross this level and sustain above it for atleast 15 minutes.
Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments
Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments