Analysis of Nifty for 01/04/2024
On Friday Nifty posted a high of 22516 which was just short of an all-time high of 22526. Also, it could not sustain the higher level and closed at 22326.90 which is just below the green line of the channel. Now if 21710 is the end of A of 4 of 3 of 1 of 5 then 22516 can be the end of B of 4 of 3 of 1 of 5 but not confirmed yet. Next downward correction of C of 4 of 3 of 1 of 5 will start and Nifty will go down. I have drawn one more trendline to which B of 4 is following. So, to confirm the start of C of 4 this trendline has to be broken downwards.
As per the second counting method, this is wave 5 of 3 of 1 of 5 which will take Nifty to much higher levels. Let's see how Nifty moves actually in next week.
For daily buy/sell signals with stop-loss and target, buy our Share, FNO, Commodity, and Currency Analysis Software (EOD), and for intraday buy/sell signals with stop-loss buy our Share Intraday Software and Intraday Call-Put Software. Contact us for an online demo and details. Also, visit our website for a demo video and detailed information.
Nitin Shripad Joshi
Vedant Margdarshak
9922081120
コメント