Nifty in uptrend till above 23975

On By ilangoIn Uncategorized

In the current scenario, 1 possibility exists:-
1st done 7513–18604; 2nd wave done @15183(16828); 3rd’s 1st wave unfolding

3.1.1:16828– 20222;
3.1.2:20222 –18838
3.1.3: 18838 – 23339;
3.1.4:23339 – 21281; 
3.1.5: 21281 – unfolding to 24675(5 = 1)

For Friday: Nifty in uptrend till above  23975

Day CPR :23946-24012(66); Week CPR: 23512-533(21); JNSAR:23583

For ST traders, the Hour Trend indicator(MACD): is a great tool to initiate, hold & exit positions.

Trade plan:

  1. BULLS: Last rise Retracement @ “23975″ must hold for higher targets of 24125 & 24175
  2. BEARS: Pivot Table Resistance @ “24075″ must resist for lower targets of 23950 & 23900.

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</strong

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