As Wrote Yesterday Nifty Spot did not break 5090 - made a low of 5095 and moved up and breaks the Key resistance 5124. Now the Important question is where are We?
I have changed my Counts today - as Nifty broken the Key Resistance 5124.
As per the attached chart - it seems Nifty have completed sw-4 (as key 5124 has been taken out today) and sw-5 is running. As per chart - sw(5) also nearing an end as 1-5 marked on 5th has been nearing an End.
Tomorrow if Nifty breaks the Trend Line as given on Chart - Nifty may Invite Sell off - Key Support @ 5095 / 5056 & 5000.
Key Resistance @ 5150 / 5190 & 5232.
If Nifty able to Break above 5150 may test rest of the Resistance Levels as the 5th wave can get Extended further.
Cheers!!!
You have changed your counts.That is ok my dear friend.But you must consider an irregular correction.To me this is irregular b and may go up to 5190 levels.The c will drag Nifty down.I love to read your blogs and learning a lot.Keep it up buddy.Good luck t u.
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