Count for 21-11-2017

If NS break trend line (appx 10280) or 62EMA(10272) then possible 3rd wave might start.
IF NS moves up above today's height(10310), it may try to cross friday's high(10343).
10312 is also 61.8% retrace of fall from 10343 -10262. So staying above/below 10312 is important for next move.

Short below 10272, long above 10312.

Count for 20-11-2017

Multiple possibilities, if current upmove is bigger third wave starting from 10094 then -

1.10094-10344(248 points)
2.10344-10268=(76 points)(23.6%=10285, 38.2%=10259)
3.10268 -xxxxx(161.8%=10669)

If NS start to move up and cross yesterday's high(10344), then it may be 3rd wave; stoploss for long will be 10268.


Other side:-

If current move from 10094 is B wave with 'a' done near 10344 and a probable 'b' is done at 10268, then 'c' might target 10400+/-. Since this is B wave it cannot exceed more than 78% of wave A, wave C might start from there and will target near or below 10000.

More other side:-

B is done at 10344 and
C.1. 10344-10268(76)
C.2. 10268-102xx(23.6%=10286,38.2%=10297,61.8%=10315)

Go LONG - If 62EMA in 5 mins chart is crossed for upside, enter long with 10268 as stop loss OR 62EMA in 15 mins chart.
GO SHORT - If opens in positive and does not move convincingly above 62EMA on 5 mins chart(tentatively 10300 which also coincide with C.2 above).

11-Nov-2017 Nifty View

Considering this downfall is a Zigzags ABC from 10490(as wave A unfolded in 1-5 waves); A might have done at 10254.

Now if current wave is a B wave UP from 10254, then potential target (for fall of 236 points from 10490 to 10254) could be -

38.2%=10352(almost done already??) OR 50% =10372 OR 61.8%=10412.

If B is not yet done and since B in Zigzags subdivides in 3 subwaves; ‘a’, 'b' and 'c';
'a' might have been done at 10345.
'b' can target-
38.2%=10311 OR 50%=10300 OR 61.8%=10289(stop loss for small ‘b’??) and then 'c' will start for 10400 +/- level.

10444(appx) can be used as stop loss for wave C (as B wave doesn't cross more than 75% of wave A).