Wednesday, May 30, 2018

Nifty 31-05-2018

1st scenario - 

1st wave done(in 5 subwaves from 9952-10784). 2nd was a irregular(from 10784-10418) and 3rd is in progress as -
3.1  10418-10718 = 300
3.2  10718-10559 = 159
3.3  10559-->10859/10930/11044



2nd Scenario -

1st wave done at 10929
2nd wave is in progress as -
2.a 10929-10418=511
2.b 10418-10718(~ 61.8%)
2.c 10718-->10207/10086/10012

The range is 10559-10650, above/below it any of above scenario is possible.


BankNifty -
Long above 26400, short below 26000(aggressively 26160)



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