Just following your post which gives better clarity.
Today's high in nifty is 6725.15 which incidentally breached for a few min and then came back. Will you presume that it has invalidated. Just wanted to know how will you read the same.
As you will be seeing, nifty is approaching your levels of 6600 as indicated in your post.
After a long time checked your post and was pleasantly surprised to see that you have started posting again.
You have mention that any move above 6720 will invalidate your view. Though market brk 6720 it could not hold , went to 6650 and again back to 6701 just crossed your B target at 6696 , but closed at 6695. Still looking like 6600 coming in C wave ?
Chetas ji; Yes, this chart is invalidated and hence chances for 6600 is less but totaly not ruled out. The new posting may give some clue what to expect for the coming day.
My dear jayaramji,
ReplyDeleteJust following your post which gives better clarity.
Today's high in nifty is 6725.15 which incidentally breached for a few min and then came back. Will you presume that it has invalidated. Just wanted to know how will you read the same.
As you will be seeing, nifty is approaching your levels of 6600 as indicated in your post.
You can reply at your leisure
Regards
Kannan Srinivasan
KS JI :MMarket closed precariously ad hence new chart is posted for further understanding.
DeleteHi Jayaramji!
ReplyDeleteAfter a long time checked your post and was pleasantly surprised to see that you have started posting again.
You have mention that any move above 6720 will invalidate your view. Though market brk 6720 it could not hold , went to 6650 and again back to 6701 just crossed your B target at 6696 , but closed at 6695. Still looking like 6600 coming in C wave ?
Chetas ji; Yes, this chart is invalidated and hence chances for 6600 is less but totaly not ruled out. The new posting may give some clue what to expect for the coming day.
DeleteMy Dear Jayaramji,
ReplyDeleteThanks for your reply. Have looked into your posts.
Let us await price action in the next two days
Regards
KS