I drawn only major wave point with the support and resistance, in between there are lots of minor waves. I can't sketch here you will understand from your experience its not big bang theory, i drawn all the points from the fib ratios with respect to the AB line. Future traders don't miss opportunity to shot NIFTY FEB FUT. For option traders just watch, because we did not get clear signal from the chart till now. plz follow the respective levels to gain max profit
I did fundamental research too, we will seen correction in the upcoming months only PREITY ratio not favour for bears till now, once we reach 14000 level or in march that too will indicate correction may be my assumption remaining each and every ratios indicate correction in the market. note FII is the vital reason for this strong bull market, once they start to pull off the money even crash expected but not immediately may be in 2022 not sure but correction up to 12000 & 10600 not ruled up when they start profit booking. very high possible to seen 10600 level in 2021. wealthy trader have very minimum position and short like investor stay in your short position till you satisfied reap out maximum profits from the market.
normal traders first trade sell nifty @ 13470-13520 with stop loss 13570 target 13200,12900, 12600, 12000 second trade in case nifty crossed 13570 with heavy volume then go long with 13470 as stop loss target 13720, 13970 third trade sell nifty @ 13970- 14020 with stop loss 14070 target 13600, 13200, 12600 , 12000 may be 10600 in long run if u have patient
kindly support me fsim72YBL donate little from your profit even you can contact me regarding technical & fundamental analysis, portfolio management. I have few stock that could give multi bagger returns in the long run, with detailed research reports. support guys 7
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