Bank Nifty Spot -
As per previous post, count remain same.If correction started from 32156 then counts are as -
A. 32156-31774
i) 32156-31970
ii) 31970-32027
iii) 32027-31791
iv) 31791-31929
v) 31929-31774
B. 31774-32021
a) 31774-31956
b) 31956-31900
c) 31900-32021
C. 32021->31549(123.6%)/31493(138.2%)/31403(161.8%)
i) 32021-31721
ii) 31721-31906
iii) 31906->31535(123.6%)/31491(138.2%)/31421(161.8%) - done @31504?
iv) 31504->31642 - done?
v) 31642->31520(23.6%)/31444(38.2%)/31383(50%)/31322(61.8%)
Long above 31670, if trade above 31721 then C might have finished and it might start moving more higher. Short below 31580, more low below 31520.
Nifty Spot -
Long above 12025, short below 11970
As per previous post, count remain same.If correction started from 32156 then counts are as -
A. 32156-31774
i) 32156-31970
ii) 31970-32027
iii) 32027-31791
iv) 31791-31929
v) 31929-31774
B. 31774-32021
a) 31774-31956
b) 31956-31900
c) 31900-32021
C. 32021->31549(123.6%)/31493(138.2%)/31403(161.8%)
i) 32021-31721
ii) 31721-31906
iii) 31906->31535(123.6%)/31491(138.2%)/31421(161.8%) - done @31504?
iv) 31504->31642 - done?
v) 31642->31520(23.6%)/31444(38.2%)/31383(50%)/31322(61.8%)
Long above 31670, if trade above 31721 then C might have finished and it might start moving more higher. Short below 31580, more low below 31520.
Long above 12025, short below 11970
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