The rally from 6825 to highs of 8969 was all choppy & sloppy- lot of confusion as one can count it clean impulsive wave so this was the reason for me to believe that 8969 could be the top 2016 & likely going into 2017- Nifty could look for its larger C-wave which shall run into months likely make lows in the zone 6600-6700 where it retraces 61.8% - I am taking this target as A-wave in 4th has already retraced 50% surprised bears from the lows@6825.
交易進行
22:59 Hrs 13th Nov2016
Sorry for Typo error One cannot count clean impulsive wave upside starting from 6825 lows in Feb2016 to recent highs@8969 - so I am assuming that 8969 could be the top for 2016 & likely a B-Wave in yet to complete 4th Wave which shall likely be done in mid of June July 2017
交易進行
10:35 Hrs 15th Nov2016
Day's Low@8125
Going Below 8150-8175- satisfied that Nifty likely has high chances of making fresh lows even below 8000 in coming days, but still we will watch what kind of bounce we get in the coming days.
"USDINR- Is this the reason for scary markets"
交易進行
12:24 Hrs 15th Nov2016
Last Price@8147
Do not be in a hurry as markets not looking immediately for a bounce
交易進行
13:07 Hrs 15th Nov2016
Last Price@8154
Now we will wait on sidelines for further market direction likely a bounce could be expected
交易進行
13:36 Hrs 15th Nov2016
Last Price@8182
Nifty bouncing back
交易進行
13:59 Hrs 15th Nov2016
Last Price@8150
Do not hold below 8135 - it is too risky to expect bounce also
交易進行
14:17 Hrs 15th Nov2016
Last Price@8164
If expecting bounce -let us not hurry & wait because markets not giving confidence