Market Commentary:

1. Still one more move to upside to 23200-500 is possible as I shown here.

2. Currently I am looking for the running flat in the wave iv) to complete near 21500 may be in sharp fall as 5 waves to the support zone.

3. Once it complete the wave iv) i am looking for the wave v) to complete near 23200-23500 in 5 waves and in the wedge formation as i shown in the chart.

4. That is the completion of the whole 5 waves in impulse...so that's next ???

DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Appreciated by readers — Received a total of 20 in tips.

NIFTY: One more down to 21.5K and then to 23-23.5K ?

Market Commentary: