Tuesday, December 22, 2015

Nifty ST EW counts update contd...

Nifty completed consolidation by hold 2 days back low (7733) and seems wave 3 will unfold in coming days to achieve higher target.

Counts are as follows:
1. 7551 - 7853
2. 7853 - 7733
3. 7733 - Unfolding...



SL should be wave 2 low (7733 - assuming low is done, else can retrace more) as per EOD counts. On lower TF if Wave 3.ii.c completed today then today's low (7777) would be an ideal SL.   

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