Expecting NIFTY to open higher 30 to 40 points and reversal from 7447-7558 zone.....with a fast move in form of WAVE B till 7200-7090 zone....again WAVE B being corrective wave so A B C on downside to....A down...B up...but lower than top of A and C down....but lower than low of A.....hold on to your short sells....
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Please be active on mmb as you are helping out lots of people.
ReplyDeleteAs I am following you and still holding shorts in bank nifty by 10 lots@14950 avg Can you please guide me the future strategy for exiting without loosing as I have already made huge losses in Feb series in my longs of the same. Thanks.
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ReplyDeletesanjeshkant: you should get minimum of 400 points in your shorts....hold on......yes i try to be on mmb too....
ReplyDeleteHi Abhishek,
ReplyDeleteNifty broke 7558 and trading above. Do you still think it will fall? I'm also holding shorts.
i guess ED pattern got invalidated after 7556 break.. getting complex .. hope its not wave iii of 5..
ReplyDeleteyes its going to be a disaster in this week on downside
ReplyDeleteDo you expect instead of wave 5 of ED ending at 7556, todays high ( 7583) was actually 3 of ED?.. so another small up move is left to finish ED ?... i was unable to make it if 4 is still ongoing as 4 should be an ABC and haven't seen any B of 4 yet..
DeleteYou seem to be pretty confident of your analysis. Good job!
ReplyDeleteDoes your opinion change though after today's session?
ReplyDeleteSmridh: no change in my view
ReplyDeleteIt looks like ed in 5th..that shud finish around max 7600 but upper sloping trendline coming at 7566..so we may also reverse from 7566..spot...tomorrow shud b confirmation of drangonfly doji with red close and next two days red coming i think...7582 is 50% fibo of 8336bto 6825...now one more point ichimuko on daily reversing from cloud for downside..i. short todays move clears says it is ed as ed comes normally in 5th with all 1 to 5 waves looks like abc..and this move also from 7524i.e 5th is having all 1 to 5 waves in contracting triangle with abc in all almost where c is having biggest abc two times...just my views to add to ur correct anlysis..
ReplyDeleteIt looks like ed in 5th..that shud finish around max 7600 but upper sloping trendline coming at 7566..so we may also reverse from 7566..spot...tomorrow shud b confirmation of drangonfly doji with red close and next two days red coming i think...7582 is 50% fibo of 8336bto 6825...now one more point ichimuko on daily reversing from cloud for downside..i. short todays move clears says it is ed as ed comes normally in 5th with all 1 to 5 waves looks like abc..and this move also from 7524i.e 5th is having all 1 to 5 waves in contracting triangle with abc in all almost where c is having biggest abc two times...just my views to add to ur correct anlysis..
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