Thursday, August 29, 2019

Nifty as of 29th Aug 2019

Bigger wave count - 

1.    12103-11625=478
2.    11625-11982=375
3.    11982-10637= 1345
4.    10637->>11151(38.2%)/11310(50%)

If 4ht wave is in the form of ABC then -
4.A    10637-11142
4.B    11142->10923( completed in 5 subwaves ???)
4.C    10923-> ???

If 4.C is also in 5 subwaves then
4.C.1   10923-11021=98
4.C.2   11021-10928=93
4.C.3   10928->11026(100%)/11049(121.6%)/11064(138.2%)/11087(161.8%)

Since 4.C.2 retraced almost entire 4.C.1 wave, 4.C.3 will not be an extend wave, probably below 161.8% of wave 4.C.1.

So tomorrow if 10923 is broken then more fall can be expected upto 10850+/- 

Long above 10990 and short below 10920(or 10930)




BNS long above 27500,short below 27280

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