Nifty Weekly Update - 4

٤ أغسطس ٢٠١٨

As mentioned last week NS crossed ATH and started making new highs with gap ups. The probable target with wave count is marked in the chart itself. The only thing to be noted here, as mentioned in an earlier post here when NS made the high of 11170 or odd levels whenever the Nifty stays above the UBB it is bound to fall and come inside the BB. Maximum it can stay 2-3 weeks and on the 3rd week or 4th week the reversal starts. Now one candle is above UBB and after this week or after next week the trend reversal can start and probability of 7-8% correction is not ruled out.

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on the basis of above will be at your own risk.