Nifty in uptrend till above 22475-550.

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 Friday: Nifty in uptrend till above 22475.

Day CPR :22466-535(69); Week CPR: 22103-132(29); JNSAR:22291

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

Trade plan:

1. BULLS: Last rise Retracement @ “22550″ must hold for higher targets of 22700 & 22825
2. BEARS: Last fall Retracement @ “22600″ must resist for lower targets of 22500 & 22425

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. http://bit.ly/2Zj9v3W</a