Hello Traders,
Today the NIFTY50 reached my target zone as I wrote on December 01 @ 20665. It crossed this area by a few points, but closed above this area.
My count is in line with my expectations and the coming days will show the way.
Today the volume was high, but lower than on November 30. This is an indication of a continued advance.
In extension of the advance, my price target is now @ 21692 points for December 2023!
For this to happen, the N50 must trade above the 19981 area. If this happens, although not expected, it will be a nice Christmas rally.
A fall below this range will require a new adjustment of counts and targets.
That's it for a quick note today.
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
Today the NIFTY50 reached my target zone as I wrote on December 01 @ 20665. It crossed this area by a few points, but closed above this area.
My count is in line with my expectations and the coming days will show the way.
Today the volume was high, but lower than on November 30. This is an indication of a continued advance.
In extension of the advance, my price target is now @ 21692 points for December 2023!
For this to happen, the N50 must trade above the 19981 area. If this happens, although not expected, it will be a nice Christmas rally.
A fall below this range will require a new adjustment of counts and targets.
That's it for a quick note today.
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.