nifty had closed at 11456.90, currently nifty is in wave c of irregular expanded Flat ABC correction inside wave 4, the support level (pivot point) at 11326.23 proves to be a perfect area of value where the wave c could end. For intraday, on Monday NIFTY will break the low of wave A , which is 11420 Aprox. so the Monday intraday target would 11420.however nifty will continue on a down move until wave c is completed which is likely to be at 11326.23 support level. after that a new up wave 5 or corrective x wave if complex correction follows might begin.
Nota
Caution: lot of people are speculating about a significant downfall in nifty. well, according to elliott wave theory we are in wave 4 entire wave 5 is about to form, which will throw prices up 11750- 11800 level, DO NOT SHORT NIFTY now if you want to capture a bigger move. as up move is still pending and your stop loss will be triggered. my view is extremely short term with a possible target of 11326. from there on it is expected to move up.
Dagangan aktif
Dagangan ditutup: sasaran tercapai
Nota
New upwave has begin, as expected.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.