Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Nifty Can Take Two Steps Back Before Skyrocketing

free nifty fut stocks tips & chart

free nifty fut stocks tips & chart

This week nifty may break 18350, and this level will increase high buying pressure.

The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal.

And completion of wave ‘i’ the wave ‘ii’ will take place. The wave ‘ii’ is corrective. So the day traders can initiate buy position there. It’s a golden opportunity because of moderated risk here.

Safe intraday traders can enter at the breakout of wave i. This point is also initiating an opportunity. If the acceleration phase is sturdy, then It can hit 19200.

Please note that wave ‘2’ can never overlap the starting point of wave ‘1’.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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