Nifty after a dip till 8000 yesterday hit a high at 8599
today again due to internal monetary problems fall till 8392
Now here coming for wave counts
Nifty completed yesterday wave-3 at 8599 from the lows of 8502 which is 1.23% only
As per EW rules it is short in nature
Considering this down move as wave-4 till 8333 holds for the fast & furious last upmove which may bring Nifty till 8690-8800 range
These are rough calculations only & will keep 8333 Strict sl for all longs holding at present.
today again due to internal monetary problems fall till 8392
Now here coming for wave counts
Nifty completed yesterday wave-3 at 8599 from the lows of 8502 which is 1.23% only
As per EW rules it is short in nature
Considering this down move as wave-4 till 8333 holds for the fast & furious last upmove which may bring Nifty till 8690-8800 range
These are rough calculations only & will keep 8333 Strict sl for all longs holding at present.
