Nifty - May 24, 2022

With high of 16414.70, we have completed Wave 4 top and now we will go down in Wave 5 (Falcon Waves) to complete Daily Chart Wave D (Falcon Waves).

Wave 5, will have 5 waves of its own, therefore we are in wave 1 at the moment and this can finish around 16000 levels, after that we will go up in wave 2 and then continue moving down.

Previous low will be broken somewhere in mid June (or before that).

How to trade Nifty 50?

Just focus on waves and try to enter only at the start of sub waves, e.g. now we are in wave 1, let it finish, and then you can enter for wave 2 upwards and then short from wave 2 end for the start of wave 3.

Chart has all these marked.