Saturday, December 16, 2017

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. 1st possibility: - 10373- 10321(roughly 23.6%, done already??).
         b. 2nd possibility: - 10373-10285(38.2%)
         c. 3rd 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.









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