As Expected NIFTY is completed its reversal pattern (inverted extracting triangle ).Now the trend is down. traders may take positions accordingly
PLEASE READ THE CHART CAREFULLY . ALL WAVES FULFILLS THE CONDITION OF FORMING A NEUTRAL TRIANGLE CORRECTION IN NIFTY. WE HAVE ONLY OPTION TO SHORT THE NIFTY TILL THIS MONTH END. REMEMBER AFTER THIS CORRECTION AGAIN NIFTY WILL MOVE UP
NIFTY IS IN RUNNING CORRECTION IN BETWEEN WAVE 'E' OF NEOWAVE DIAMETRIC(LONG TERM). 'A' WAVE COMPLETED AS EXPANDED FLAT. AND 'B' AS ZIGZAG. WAVE 'C' IS FORMING A NEUTRAL TRIANGLE PATTERN IN THE ABOVE CHART CONDITIONS TO DESCRIBE THIS PATTERN IS ALMOST OVER TODAY (30TH NOV). NOW ITS TIME FOR NIFTY TO FINISH ITS WAVE 'E' DOWN BEFORE THE END OF DECEMBER TO 11500
FORGET THE NEWS , ECONOMIC SLOW DOWN ... SEE THE PRICE ACTION. THE CHART EXPLAINS NEXT MOVE OF NIFTY IN NOVEMBER. MY PREVIOUS STUDY OF DIAMETRIC PATTERN NEGATED BUT BULLISH COUNT IS INTACT . WAVE 4 CORRECTED LESS THAN 38.2% WHICH IS FIRST CONFORMATION OF 5 WAVE UP MOVE POSSIBILITY THE TIME OF 4 TH WAVE CORRECTION (WAVE C OF ABC) ENDS ON 29/10 BUYING CALL...
WAVE f may end at 11520 and WAVE g will start on friday 10.15 AM on 25/10/19 to lift NIFTY to 11750 . Diwali fire works
GOLD IN USD TERMS COMPLETED ITS 'B' WAVE RECOVERY RALLY (61.8% OF A WAVE IN SAME TIME). NOW WAVE 'C' WILL UNFOLD TO REACH MINIMUM 0.618% OF WAVE A (NEAR 1100$) ON JULY 2023
NIFTY WAVE ANALYSIS NOW CLEAR AS IT UNFOLDS WAVE D TODAY. NOW THE NEXT MOVE IS WAVE f DOWN TO 11507 followed by wave g which will lift NIFTY TO 11785
BUY NIFTY CALLS ON MONDAY 14/10/19 IF FRIDAY'S LOW RESPECTED AND WAIT FOR THREE DAYS.REST IS SELF EXPLANATORY
MY NEO WAVE COUNT SAYS WAVE 'C' WILL EMERGE AT LEAST 0.618 TIMES OF WAVE 'A' BUY NIFTY 17 OCT CALL OPTIONS TOMORROW IF NIFTY CROSSES ABOVE 11160(SPOT)