tdurai84
Long

Nifty 50 Wave Analysis

NSE:NIFTY   Nifty 50 Index
Nifty along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market.

Reversal going to happen on 8100 to 8150 region.
Nice counting, it was spot on. I couldn't went long. I was waiting for 7650 and missed the trend. Keep updating counts, very helpful. Cheers.
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Nice work. First target achieved. With that 8069 level bearish butterfly pattern also got completed. Tomorrow we may see a reversal.
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I have a same view.
Last 5th wave - ongoing 3rd wave till 8135 then correction and then maybe 5th failure way (which will be below 8135) or 5th wave might complete around 8200.
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There is no room for retracement hit the target level one - 8078
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Now spot nifty is nearing resistance of 7990, what are your views on Nifty?
is correction is over?
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tdurai84 sharewasi
Exit from that level, nifty fell into very short term sideways. Enter on 1 june, target 1- 8078 and target 2 - 8175
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sharewasi tdurai84
Thanks for the prompt reply.
What is your outlook for the June ?
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tdurai84 sharewasi
Reversal going to happen nifty fell to 6800 and 6300 level on this year end
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you seem to be bang on as far as your analysis is concerned till date.... good work
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