NIFTY may go up on Monday
Updated
Based on very basic understanding of wave principle. I believe that
1. If Monday gap up pull up then its wave 3 at lower degree and I will be taking intraday long
2. If we don't have gap up then there is a risk of going through C wave (correction) if it breaks the B point. then i will be taking intraday short.
Chances are high to get 1 since the SGX nifty is suggesting gap up opening on Monday morning. Lets see which side it opens and decide the trading strategy.
Regards
FMS
1. If Monday gap up pull up then its wave 3 at lower degree and I will be taking intraday long
2. If we don't have gap up then there is a risk of going through C wave (correction) if it breaks the B point. then i will be taking intraday short.
Chances are high to get 1 since the SGX nifty is suggesting gap up opening on Monday morning. Lets see which side it opens and decide the trading strategy.
Regards
FMS
Trade closed manually
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.