Resistance at 188 is expected no 1 hour time frame
Quick up move till 205 is expected before a correction
Bank Nifty Long atleast upto 25000
Perfect example of an extended 5th wave (Blue) when 1st (Black) and 3rd (Black) waves are of equal length (26 points)
Nifty Ended Triangle correction pattern (3-3-3-3-3) and will move up and break the channel
INFY - Neutral to bearish view in coming weeks
Nifty completed impulse wave with 5 waves and in correction now
Nifty is in the 5th wave of an impulse and could be upwards for couple of days
Nifty has formed 5 wave as an ending diagonal and possible small correction downwards
Nifty is currently in a Zig Zag Correction with 5-3-5 internal wave structure. Expected to complete its correction wave with 5 internal wave patterns by monday and hope fully downward should start from tuesday or wednesday.
