In this report I’m taking a look at the alternate Nifty as the Invalidation level is now crossed.Count for
As of this point in time it seems that the bulls have taken control and a new impulsive leg is in progress.
Two trading strategies can be implemented for this particular market.
1. Getting long above the 8670 region which will result in a big Stop Loss below the 7980 mark.
2. Waiting for this 5 leg wave up to complete and then getting long at the pullback around the 50 – level or the immediate support which seems visible around 8440 – 8320
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