Nifty after a false breakout from 11100 is now trading at 10600 levels !!
Nifty EW Count :
Most likely wave 1-2 with wave 2 in play on upside -- Look for shorting at higher levels of around 10790 first fib lvl !!
Nifty level : Short around 10790 - 10850 : Target - 9400-9000 : SL - 10900
Long above 11015 only !!
Keep in mind if Nifty EW count is correct Wave 3 would be faster and fall will be more than Sept-Oct fall !!
Nifty EW Count :
Most likely wave 1-2 with wave 2 in play on upside -- Look for shorting at higher levels of around 10790 first fib lvl !!
Nifty level : Short around 10790 - 10850 : Target - 9400-9000 : SL - 10900
Long above 11015 only !!
Keep in mind if Nifty EW count is correct Wave 3 would be faster and fall will be more than Sept-Oct fall !!
Trade active
Nifty Short positions now active with stop loss @ 10830 on 15 min charts !!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.