Nifty for 07/02/2018

11117-10282=835
38.2=10601
50.0=10700
61.8=10798

i)  10282-10424=142
ii) 10424-10295=129
iii)10295-10594=299 ??
161.8 - 10295+230=10525
200.0 - 10295+284=10579(10594 donealready??)
261.8 - 102828+372=10654


iv)10594 - 10473 ??
23.6 - 10594-71=10523
38.2 - 10594-114=10480(10473 done already??)

v) 10473 - ??
distance from wave start of i) to iii) = 312

38.2 - 10473+119=10592
50.0 - 10473+156=10629
61.8 - 10473+193=10666

wave i) and wave v) can be equal, so in this case wave v) will be 10473+142=10615

buy for any upmove above 10474(SL 10474), if it stays above channel then can target 10592+
shorts can be initiated near 10666, SL 10690

05/02/2018 Nifty

iii)10405-11171=766
If current wave is 4th then its probable retracement -
61.8%=10698
70.7%=10629
78.8%=10569

10552 is the high of wave 1,


for current downfall from 11171-
iii)11117-10827=179
iv)10827-10884
v)10884 - ?
61.8=10705
78.8=10655

01/02/2018 Nifty

Sell below -
10980 (three days low)
11001 hour 62EMA
10971 support line
10983 channel support line

02/01/2018 Nifty

Looks like 4th wave is in progress with its 38.8%  retracement at 10354. Wave 'c' in 4ht wave is subdivided into five sub waves.

i.   10538-10504
ii.  10504-10532
iii. 10532-10423
iv.  10423-10450(236.%),10465(38.2%) 10475 SL ?
v.   104xx-10354???

01/01/2018 Nifty

Range of 10570-600 is crucial and bulls need close above it for the uptrend continuation. Bearish below 10470 for a move towards 10410/10340

26/12/2017 Nifty

22/12/2017 Nifty