Sunday, February 25, 2018

Nifty for 26/02/2018

I)   10303-10427=124
II)  10427-10342=85
III) 10342 -10xxx (10590-200%, 10667-261.8%)

i)   10342-10394=52
ii)  10394-10343=51
iii)
10343+156=10499(300.0%)
10343+188=10531(361.8%)
10343+208=10551(400.0%)
10343+240=10583(461.8%)

If NS open with a gapup and reaches near 10551 or 10583(with out any correction) then look for its retrace of 23.6 or 38.2% and then enter long again

if iii) @10583 then iv) 10526 or 10491
if iii) @10551 then iv) 10502 or 10471

10450 is the SL for all longs

So 10500-10475 is a good level to enter long (10450 stop loss) for any correction near 10551/10583 for wave v) targeting 10590+
For any short near 10570/80, 10591 is SL.


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