Today's Nifty drop looks like corrective wave "A" completion, until new high is taken out tomorrow it will be crutial. We might get agreen opening to wave "B" only to fall later in the day to complete the Wave "C". Given tomorrow option expiry conviction to close in red increases, but in case if the new high is taken out tomorrow then we will be in the last leg "5" of the ending diagonal. Chop Chop
Does it look like the c wave will get completed tomorrow in the second half?
rf16saun
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Yesterday it hit the 10410, 127% extension of A to B, but until we take the high of B I will be skeptical but today already exited the call which I bought yesterday but given the global market yesterday we should at least complete wave 1/2 of the Wave 5 towards 10600. If not then we will be in a complex correction. Check my other chart from day before yesterday @dheerajsood,
PRAKASH789
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no down trend ?
rf16saun
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Until we take out 10550 I will be skeptical it is heavily range bound but higher wave 5 is due 10600 area may be before the budget we might get a move @PRAKASH789,