Nifty Micro trend analysis. If Nifty tomorrow open with GAP-UP then it may not sustain from its resistance zone. Because it is going to complete its 5 waves and beginning of downfall 1st wave which is no-demand wave. and generally no demand will fall without much resistance. tomorrow if everything goes well as per analysis, then we may get good trading opportunity in OPTION.
Bill Williams Indicators
IBULHSGFIN - INTERMEDIATE TRENDIndia bulls Housing finance intermediate trend may take support @240 levels
BANKNIFTY Generally, 2nd wave and 4th wave very complex waves to trade. As 2nd wave created pattern, I am not expecting 4th wave will create any patterns. if so, then, from 4th wave it is straight fall with GAP heading towards 5th wave. and 5th wave is impulsive wave fall very sharply. watching closely after its targets.