01/01/2018 Nifty

Range of 10570-600 is crucial and bulls need close above it for the uptrend continuation. Bearish below 10470 for a move towards 10410/10340

26/12/2017 Nifty

22/12/2017 Nifty

21/12/2017 Nifty

18/12/2017 Nifty counts

BIG WAVE I. 10034-10329=295 points. This divided in 5 sub waves-

                     i.            10034-10128

                   ii.            10128-10101

                  iii.            10101-10322

                 iv.            10322-10282

                   v.            10282-10329

BIG WAVE II. 10329-10142=187 points (roughly 61.8% retrace of wave 1). It was a zigzag-

       a.  10329-10211(subdivided in 5 sub waves)

             b.  10211-10296(corrective a/b/c)

             c.  10296-10142(again in 5 sub waves)

BIG WAVE III. 10142-10xxx. This BIG WAVE 3 further subdividing in five waves-

Wave 1. 10142-10373 =231 points. Subdivided in 5 waves as -

                     i.            10142-10201

                   ii.            10201-10172

                  iii.            10172-10361

                 iv.            10361-10332

                   v.            10332-10373

Wave 2. 10373- 10xxx

   a. 1^st possibility: - 10373- 10321(roughly 23.6%, done already??).

         b. 2^nd possibility: - 10373-10285(38.2%)

         c. 3^rd possibility: - 10373-10230(61.8%)

Wave 3. 103xx (or 102xx) + 374 = 10600/10700+ (minimum 161.8% of wave 1)

If wave 2 is already done at 10321(23.8%), wave 3 is going to be furious with gap-up as wave 2 retrace minimum of wave 1.

Counts for 08-12-2017

For fall from 10409 to 10034 -

23.6%=10123
38.2%=10177
61.8%=10266

For raise from 10034 to 10182 -

23.6%=10147
38.2%=10125
61.8%=10090

Today's candle middle point 10118, if open near it, look for buy.

look for buy near 10125 with SL 10094 and reverse the position. Look for sell around 10260 with SL 10190 and reverse position.

Two hurdles/resistances : 10240 and 10320. If both can be crossed then it can go above 10500+