Sunday, September 15, 2019

Nifty as of 13th Sept 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=505
4.B    11142-10747
4.C    10747-> 11252(100% of A)

If 4.C is in 5 subwaves then
4.C.1   10747-10920=173
4.C.2   10920-10816=104
4.C.3   10816-11082(appx 161.8%)
4.C.4   11082-10946
4.C.5   10946-11084(38.2%)/11153(61.8%)

4.C.5 done or will it try to touch 61.8%??

If open above 11095 then it can target 11150 +/-, resistance @11125-11150.
If open low or start trading below 11070(SL 11090), short positions can be taken. Breaking 10990 will be more bearish.





BNS - Long above 28125, SL 28050. Short below 28050, confirmation below 28000; SL 281250.



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