Hello Traders,
NIFTY50 has tumbled ~200 points below my cited target range. It fell to 15782 and possibly ended a wave z of iv, or it ended a wave 2 of Minor degree. In both cases, trend will change immediately and strong to the upside!
The future has given an idea for Monday; it reversed to the upside.
So, a strong opening on Monday (gap-up) can push N50 quickly to 16160 range, with more bullish potential ahead. But be patient! If this is the start of a new impulsive move, the pullback will be sharp and strong!
Anyway. A break of the low @ 15711 will open the gates to 15511-15431 area! In extension, it can decline to ~15075.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 has tumbled ~200 points below my cited target range. It fell to 15782 and possibly ended a wave z of iv, or it ended a wave 2 of Minor degree. In both cases, trend will change immediately and strong to the upside!
The future has given an idea for Monday; it reversed to the upside.
So, a strong opening on Monday (gap-up) can push N50 quickly to 16160 range, with more bullish potential ahead. But be patient! If this is the start of a new impulsive move, the pullback will be sharp and strong!
Anyway. A break of the low @ 15711 will open the gates to 15511-15431 area! In extension, it can decline to ~15075.
Have a great Sunday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!