Buy the gap down on Monday (10073 - 10044) , with at SL of 9957
Buy the gap down on Monday as close as possible 9957 . for a better RR.
The degrees of a wave
Highest degree : Minuette level . Nifty has completed one full impulse at minuette level from 9696 to 10075 . Rising from a truncated 5th . Which itself is very bullish .
Higher degree : It has completed another five wave impulse at subminuette of wave i consisting of five waves at micro degree .
Now it is correcting in wave ii of sub minuette degree .
A wave ii is sharp and may reach .50- 10073 , 0.618 - 10044. It is expected to be a sharp zig zag . Then we will see a sharp upmove for wave iii of sub minuttee degree .
The degrees of a wave
Highest degree : Minuette level . Nifty has completed one full impulse at minuette level from 9696 to 10075 . Rising from a truncated 5th . Which itself is very bullish .
Higher degree : It has completed another five wave impulse at subminuette of wave i consisting of five waves at micro degree .
Now it is correcting in wave ii of sub minuette degree .
A wave ii is sharp and may reach .50- 10073 , 0.618 - 10044. It is expected to be a sharp zig zag . Then we will see a sharp upmove for wave iii of sub minuttee degree .