Nifty 50 - The Initial target - And the future - 10-2-21
Om Namah Shivay
Brothers, Om means "I" ( the soul), Namah means "respect", Shivay = supreme father of souls.
Please see the chart and find the calculations we had for Nifty .
Previous Understanding as below.
1. The sub-sub wave 5 should have a range between 15100 - 15600.
or say 15100-15550 that being plotted on chart
2. Then a possible correction of 1500-1700 should be considered done for a next direction.
If it moves more than that to downwards, then the deep/complex retracement is expected.
3. New thinking after reaching target :- If we try to analyze the sub wave structure from recent down,
the wave 5 is complex and shows target above 15600 (not analyzed).
This is for educational purpose only. No trading suggestions provided.
Om Namah Shivay
Brothers, Om means "I" ( the soul), Namah means "respect", Shivay = supreme father of souls.
Please see the chart and find the calculations we had for Nifty .
Previous Understanding as below.
1. The sub-sub wave 5 should have a range between 15100 - 15600.
or say 15100-15550 that being plotted on chart
2. Then a possible correction of 1500-1700 should be considered done for a next direction.
If it moves more than that to downwards, then the deep/complex retracement is expected.
3. New thinking after reaching target :- If we try to analyze the sub wave structure from recent down,
the wave 5 is complex and shows target above 15600 (not analyzed).
This is for educational purpose only. No trading suggestions provided.
Om Namah Shivay
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