An attractive Risk Reward trade setup in the Nifty
50 index. The drop from the January high still counts as 3-wave
move as we publish this. The subsequent bounce is ambiguous. It can be counted as a 3-wave
as well as a 5-wave
move. We remain with our expanding ending diagonal
scenario as the most probable forecast for the Nifty
50 at the moment. This is shown in the published chart. Key to this count is that 10,276 is not crossed to the downside, which invalidates our case here.
T . 11,200