NIFTY ALTERNATIVE-1
As per this alternative formation the entire up move from 21965 to 23869 is 3 waves rise but its impulsive rise so her I m marking it as 1-2-1-2 formation which means from low of 22353 the wave 3 started but this wave 3 is sub dividing. If this alternative is active then NIFTY should not even touch 22353 spot levels and it should not give a single day close below 22655 to 22555 spot levels zone.
If nifty manage to hold 22655 to 22555 spot levels on closing basis without touch 22353 then in next 2-3 days our markets as well as all global markets starts rallying higher and soon market sentiments changes fear to cheer mode.
THIS ONE IS BULLISH ALTERNATIVE & FOR THIS CONDITION SHOULD NOT TOUCH 22353 AND MUST PROTECT 22655 TO 22555 ON CLOSING BASIS.
As per this alternative formation the entire up move from 21965 to 23869 is 3 waves rise but its impulsive rise so her I m marking it as 1-2-1-2 formation which means from low of 22353 the wave 3 started but this wave 3 is sub dividing. If this alternative is active then NIFTY should not even touch 22353 spot levels and it should not give a single day close below 22655 to 22555 spot levels zone.
If nifty manage to hold 22655 to 22555 spot levels on closing basis without touch 22353 then in next 2-3 days our markets as well as all global markets starts rallying higher and soon market sentiments changes fear to cheer mode.
THIS ONE IS BULLISH ALTERNATIVE & FOR THIS CONDITION SHOULD NOT TOUCH 22353 AND MUST PROTECT 22655 TO 22555 ON CLOSING BASIS.
