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

Will NIFTY Skyrocket or Collapse?

Free nse index nifty chart calls

Free nse index nifty chart calls

In this outlook, we are covering two scenarios that will be helpful for day traders as well as investors. We should negate the possibilities because Murphy’s law says,

Whatever can happen will happen

Shall we direct jump on the pool? Yes, shallow ends first.

After creating a high of 18600, the price has occurred a double zigzag. Currently, we are riding on the impulsive wave sub-wave 4 of wave C of complex (Y).

Wave Structure:
Wave ((W)) – 16410
+ Internal structure – Triple Zigzag
+ Fibonacci relationship – 50% of wave ((5))
Wave ((X)) – 18350
+ Internal structure – Engaged corrective wave
+ Fibonacci relationship – 100% of wave ((W))
Wave ((Y)) – New low at 16203
+ Internal structure –  Zigzag correction
+ Fibonacci relationship – 100% of wave ((w)) at 16156.

Target projection for scenario 1:

  • Wave (C) can end near the 1.618% Fibonacci extension of the wave (A) at 15363.
  • Wave ((Y)) can cease at 100% Fibonacci extension of wave ((W)) at 16136, but if the price breaks this level, then the next Fibonacci level is 15600.

As a premium subscriber, you don’t have to worry about trade setup.

Free nse nifty chart tips

Perspective:

Price has completed the double zigzag correction by completing wave C of wave (Y).

Wave ((Y)) has already traveled 100% of wave ((W)). Price will start an impulsive cycle, which will be the sub-wave of wave ((5)).

Price has to confirm its bullish move by breaking wave B at 17794.

Bullish sentiments can derive a price for 19000 and more.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Previous ArticleNext Article
Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

Click here to get premium stock market tips by Mr.Guru.

Subscribe to get daily FREE Stock markets / nifty tips
Send email to Mr.Guru: [email protected] or you may call him on +91 903 386 2706.

7 Comments

  1. Nice analysis!
    How long do you expect it to be in that correction (nifty dropping to 15000?), until the end of the year or longer?!
    Also, do you think value companies will be the same affected or less? until now, they seem to resist better to the fall…
    thx for the answer!

  2. You are the best. I am willing to buy your package, today I will transfer money. I hope that I will get calls from Monday because I don’t want to lose Monday in this news-based atmosphere.

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend