Banknifty probable EW counts

١٦ مارس ٢٠١٧

Seems we are in final wave from the low of 17607 so caution should be exercised in long positions.

Seems wave (iii) may have ended and Irregular Correction is unfolding in wave (iv). If its a case then Wave C can extend till 123%-138% of A, where initialing a long would be prudent.

Negation above day high.

١٧ مارس ٢٠١٧

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Counts negated as crossed previous day high.