5460 is crossed and how convincingly? Now the wave count is showing some interesting folds. Where it can the either 3rd/5th of entire 5 wave impulse move or 5th of the extended 3rd.
In first case above 5460, 5530 is important and long built in last session can be booked partly there. Though above 5530/35 it can extend much higher. Daily resistances are at 5490/95-5530... above 5460.
Biggest support and buying zone will emerge near 5435 and 5410/15 now. Below these 5380 is again possible.
Niceee...
ReplyDeleteNifty Free Tips
The Nifty closed at 5441.95. Nifty future (July) closed at 5453.60 i.e. at a premium of 11.65 points vs. 4.45 points
ReplyDeleteand shredded -1281450 shares in open interest.
The Nifty future (Aug.) closed at 5458.80 i.e. at a premium of 16.85 points vs. 12.15 points and added 918900
shares in open interest.
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Good work on the charts.. I think we are in a 5th wave but could be wrong.
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There is something strange in the air, i can smell it. I still cant put my finger on it.... hope it doesnt mean i lose my account next week. eeeek.