Monday, October 17, 2016

Nifty Update

Nifty till now 8505

Trading in same diagonal since last posted.

Today gap up & now at 8590

Now wave counts showing 2 pictures

Nifty might be in ABC waves in which we are in wave C which minimum expectation coming at 8470 which is still pending.

Another one is Nifty down in 5 waves from 8806 which is Beginning of WaveC
 Till now yesterday move looks like wave iii completed at 8505 & wave iv running of a complex correction which must not break 8625 in any case to get the counts right.

Projection of wave v coming at 8479-8443 which might hit by Thursday or Nxt Monday..