Nifty seems to have completed 5 impulsive waves on upside from 16820
Wave 4 retraced exactly 38.2% retracement.
Wave 5 forming ending diagonal, with strong negative divergence.
Minimum tar in coming days 19000 expected.
Any upmove to 20500 should be used to exit longs and add shorts too.
Divergence visible on adx, rsi, macd, cci, mfi index
Major gann dates liner up between 21 sept to 24 sept.
Equinox and solstice too
Take extreme care on speculative longs
Hedge ur shorts by long in 20500 calls of dec
Wave 4 retraced exactly 38.2% retracement.
Wave 5 forming ending diagonal, with strong negative divergence.
Minimum tar in coming days 19000 expected.
Any upmove to 20500 should be used to exit longs and add shorts too.
Divergence visible on adx, rsi, macd, cci, mfi index
Major gann dates liner up between 21 sept to 24 sept.
Equinox and solstice too
Take extreme care on speculative longs
Hedge ur shorts by long in 20500 calls of dec