Weekly chart of Nifty.
It appears this is on going 3rd wave of
on going rally.
It has completed third and fourth wave
of this 3 rd wave.
The wave should extend atleast to 20532
and touch the upper line of the channel.
In case of bank nifty it had dipped to 20 period weekly
average ,But nifty has not done so.
Infaltion rate for India and US are likely to come out
on 12 th and 13 th sept.
Incase of India it is likely to soften.
Like this post if it helps you.
follow me to get updates.This post is likely
to follow up with updates as I study the chart
in smaller time frame.
It appears this is on going 3rd wave of
on going rally.
It has completed third and fourth wave
of this 3 rd wave.
The wave should extend atleast to 20532
and touch the upper line of the channel.
In case of bank nifty it had dipped to 20 period weekly
average ,But nifty has not done so.
Infaltion rate for India and US are likely to come out
on 12 th and 13 th sept.
Incase of India it is likely to soften.
Like this post if it helps you.
follow me to get updates.This post is likely
to follow up with updates as I study the chart
in smaller time frame.
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This in weekly chart.Hence not weekly option recommendation.This may take more than one week.
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Daily chart.
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GIFT NIFTY crossing 20100,
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looking for reversal in bank nifty.let us see.
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No trading opportunity.nifty till now NR7 day and bank nifty NR4 day.
hence squarred off my positions.
hence squarred off my positions.
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Bank nifty range bound .NR4 day.
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bank nifty last one hour reversal.should touch the uml.
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at arrow.
