Nifty updated wave count as per 2nd chart. We are in ABC correction out of which C wave in progress.

Wave C as shown in chart 1 can head towards 16750-800.

In chart 2 we see wave 3 of 3 of C is in progress which is expected to give a pullback towards 16540-500 levels.

Don't attempt short better go long on pullback. So wait for 16593 break to confirm pullback

Nifty 1 min chart you know what's next 😉

36000 CE BUY ABOVE 380


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Nifty chart with update count. Drop is very slow and complicated.

As suggested only scalping can give you small profits. lets see if it stops between 16600-540 levels.

@quality_traders

Nifty z wave one final Swing could be pending towards 16600. Dont trade it just watch

Fresh upside swing breakout point at 16675 above which 16750-800 possible

Chart 1 wave count shared earlier looks odd now price trading out of channel.

We will give some more time to check if fills gap or drops further.

2nd chart will be our next way of thinking where futher drop possible after pullback.

Good morning everyone 🙏

Nifty trading -23 points negative as of now ✅

Nifty Gap up opening but gap got filled. Price didn't close above 0.618 fibonacci on 15 min chart overall mixed signals.

If Nifty closes below half of channel i.e 16600 on 15min chart HIGH RISKY(cause positive divergence on 5 min chart) can short near 16600 with 16650 SL.

Non risky can wait for confirmation break of 16532 for drop towards 16400-300 levels.

Avoid attempting long before break of 16700

Nifty Before and after alert chart broken day low 16538 and fall resumes.

We can expect fall to continue towards 16400 then upto 16300(less expected).

Trail SL or book at your own comfort levels.

Gap down opening possible today

Nifty almost 100points down ☹️

Nifty filled gap which is good signs fall looks halted with big green candle.

Between 10:15 to 10:50 put open interest on 16300 jumped from 98 lac to 143 lac signals strong support. Option chain works good on expiry day if you know potential support and resistance.

It will either consolidate or move up attempt small trades.

Wave count i take a look again fix and post by 12.30.

Nifty Most likely to break 15735 low. 😅 Keep trailing SL on shorts fall expected to continue tomorrow as well. We might see small pullback today .

@quality_traders