Nifty Trading in Wave 5 in minuette Degree. Here is Possible moves as per my expectation this view can be negated if 9838 Breached
Silver Looks like reversing for short term
Though the bias did not changed one can not ruled out Possibility of diametric patterns. Again above 9931 the whole counts invalidated
Nifty May be forming B Wave in side that it looks forming a contrating triangle. Trade Setup ****Ensure that 9932 not breached***** enter short when nifty Breaches the BD Trend line Keep SL above Wave E The minimum Target would be 9780
Wave 3 Can Extend till 24251 or 24386 The counts would changed if the index Crosses 24452 One Can hold Long till 23750 not Breached The best Place to enter long would if the index reaches 23925 to 23850 and bounches from there
As long as 9872 holds I expect nifty to fall more.if it is impulse one one can expect minimum fall up to 9733 above 9872 it can converted as either triangle pattern or other corrective pattern
Bank Nifty forming end an ending diagonal on lower degree. end of that a flat pattern would concluded in higher degree.
Silver seems to broke inverted head and shoulders. and expecting for the target of 19 investors should maintain strict stop loss below 15.40