Thursday, August 8, 2019

Nifty as of 8th Aug 2019

Bigger wave count - 


1.  12103-11625=478
2.  11625-11982=375
3.  11982->???

3.1 11982-11461=521
3.2 11461-11707=246
3.3 11707-10783
3.4 10783->11066(23.6% done??)


3.4.a 10783-11018
3.4.b 11018-10837
3.4.c 10837->

1-5 in 3.4.c is subdivided in small waves as-
3.4.c.1 10837-10916
3.4.c.2 10916-10856
3.4.c.3 10856->

Not sure if below subwaves is correct/required or not ??
3.4.c.3.1 10856-10897=41
3.4.c.3.2 10897-10863
3.4.c.3.3 10863-11058(done?)
3.4.c.3.4 11058->11010(23.6%)/10981(38.2%)/10959(50%)/10933(61.8%)
3.4.c.3.5 ??->11066??
If above subwave count is correct/required then NS will fall more time for 3.4.c.4 wave and rise up to complete 3.4.c.5 and then we may see 3.5 wave.

BankNifty -  short if below 28160




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