Hello Friends,
Nifty made a Falling wedge ended near 11840 on 11 Dec. I couldn't continue blog daily basis due to some urgent work. Now it made a high which is 78.6 % of this Ending or Leading Diagonal (will come to know later) .
As i told you in my before previous post that it isn't confirm . Weather Nifty has made his top or still Nifty is in wave ((iv)).
But in my view its look likely that still wave V to complete. Nifty is in sideways. i am not confirming it . The previous bearish view will be confirmed by Monday itself (Blue). but the indicators are not suggesting with this ferrous up move . On invalidation of this view, it should be sideways market . and Nifty is in the wave iii of wave A of wave D.
Rest more clearer pic i will post with All time frame charts after Monday.
3 Charts i have posted as below :
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| NIFTY 1 HOUR CHART (ENDING DIAGONAL) |
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| NIFTY 15 MIN CHART |
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| NIFTY NEXT EXPECTED MOVE |
For more reliable result wait for Option updates tomorrow morning.
Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.
One must analyse his own before making trade or invest.
Thanks , with Regards
Arun Khanna
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