Sunday, May 20, 2018

Nifty for 21-05-2018

EW counts  -

A. 10784-10602=182
B. 10602-10929=327
C. 10929-->10565(200% of A)/10453(261.8% of A)
OR(hight of A-Hight of B)=145, then C --> 10457(10602-145)

C in 5 sub waves -
1. 10929-10700=229
2. 10700-10790=90(38.2%)
3. 10790--> 10561/10508/10419/10332

3rd may stop near 10565(+/- 10 points) or 10508 and then 4th may start upto 10685+/-
10508 may be a good level to enter long. SL 10480, next level is 10457

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Continue on above post::

If 3rd is done at 10507(123.2% of 1st wave) then possible targets for 4th wave are -
10507-->105073/10616/10683

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