Yesterday NIFTY opened in the range of 30 to 40 points plus....range....precisely 32.4 points plus as mentioned....also went to 7558 and breached that on intraday basis........and made a high 7583.......but closed at a lower at 7538 ....4 points down from where it open in morning at 7542....making a red candle for the day........
For 15th March.......expect a gain of another 20 30 odd points from yesterday's high of 7583 in zone of 7590 to 7615.....for making final Wave A.5.5 and start the downtrend........by 15th or 16th for minimum target of 7200 in form of wave B........of the A B C waves.
Stay put with your shorts and hold on for the said target......of 7200
For 15th March.......expect a gain of another 20 30 odd points from yesterday's high of 7583 in zone of 7590 to 7615.....for making final Wave A.5.5 and start the downtrend........by 15th or 16th for minimum target of 7200 in form of wave B........of the A B C waves.
Stay put with your shorts and hold on for the said target......of 7200
I was waiting for your post
ReplyDeleteThanks
Sumana
I am also waiting and holding my shorts patiently, hoping for the fall to come. Thanks for your guidance.
ReplyDeleteI am also waiting and holding my shorts patiently, hoping for the fall to come. Thanks for your guidance.
ReplyDeleteThank you Abhishek. Everyday I am waiting for ur nifty analysis update.
ReplyDeleteHello! Admire the work you are doing. Just wanted to ask,that since the levels you mentioned today didn't come,what to expect now?
ReplyDelete@Smridh: the only confirmation we can get is once we break 7440 and 7420 on closing basis..... To decide that whether it was a Wave 5 failure...... Hold on to shorts....
ReplyDeleteSir can we buy 7200 put cmp in a hope to get it doubled...
ReplyDeleteNeeraj: please buy always near the money puts when near expiry
ReplyDeleteActually sir earlier u said nifty to give 400 points down in march itself thats why i asked. Thnx 🙏 for reply sir.
ReplyDeleteI am holding some 7200 PE though,should I exit tomorrow?
ReplyDeleteAnd also if it is Wave 5 failure,then what are the levels we can see till expiry?
ReplyDeleteSir mallavv.com has advised to buy on dips and targets of 8000 to 8250 in march.entirly different view. We seek ur guidance sir.
ReplyDelete@neeraj: as per me the max in march is 7714-7731 zone...thats it....not more than that....
ReplyDeleteSir mallavv.com has advised to buy on dips and targets of 8000 to 8250 in march.entirly different view. We seek ur guidance sir.
ReplyDelete