In the current scenario, 1 possibility exists:-
1st done 16828–20222; 2nd wave done @18838; 3rd wave unfolding
3.1:18838– 22124;
3.2:22124 –21137
3.3: 21137 – unfolding..
For Tuesday: Nifty closes below 10 & 21DEma & likely to test 50DEma in a day or 2.
Day CPR :22296-344(48); Week CPR: 22560-640(80); JNSAR:22558
For ST traders, the Hour Trend indicator(MACD): is a great tool to initiate, hold & exit positions.
Trade plan:
- BEARS: Last fall Retracement @ “22375″ must resist for lower targets of 22225 & 22150
- BULLS: Pivot Table Support @ “22225″ must hold for higher targets of 22375 & 22450
Learn to count 1,2,3,4,5 & a,b,c & its repetitions “n” of times in stocks & indices with.. Frost and Prechter’s book “Elliott Wave Principle”- a free online version of the book is available here – the link. bit.ly/2Zj9v3W</a
Namaste Sir,
Charan sparsh…….