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Nifty in Short to Medium Term

From : Kshitij Sakhadeo at 07:15 PM - Jan 06, 2017 ( )

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What Next in Nifty - Short Term to Medium Term

 
Hi

Now that the new year has started, lets try to find out whats in store for nifty.




As per me, we are in C wave of Nifty

A wave completed at 8968 - 8002

B Wave was a fast retrace Wave from 8002-8598

Now C is going on-  -  8598-7400 (Probably)

In C wave, Out of 5 waves, we have completed our 1st wave at 7893.
2nd Wave either got completed today at 8306 or may complete near 8447. (IMO - it got completed today at 8307.
3rd Wave might get completed near 7630


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From : Kshitij Sakhadeo at 09:31 PM - Jan 06, 2017 ( )

@ Rakesh - Thanks

 

@ Mustafa - the 3rd Wave cannot be the smallest, that means 5th wave will be smaller than 3rd


From : Mustafa Shah at 09:10 PM - Jan 06, 2017 ( )

One doubt

U say wave-1 completed at 7893, which is 705 points

& wave-3 might completes at 7630, if take today high as top than it is 676 points, which wave-3 never short to wave-1 in an impulse.

Kindly clear this


From : Rakesh Padhi at 08:19 PM - Jan 06, 2017 ( )

Thnaks for the update Kshitij Sakhadeo. Dreaming for 7630 Cool. Wish all your technicals come 100% accurate.


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