Friday, May 20, 2016

Nifty Wolfe Wave Study

Nifty 's View 

Nifty Intraday's View
DON'T GET TRAPPED IN EXPIRY FEVER
It seems that a 5 wave format completing  near  7667-7602 spot. If fails to break 7802-7808 spot on Friday , then expect a downwards  towards 7667-7608-7608 levels. You can very well initiate fresh positional shorts here with a stoploss of 7808 spot. 
Sudden slides and sharp rallies expected for this expiry week.  I am not expecting any range bound moves this week.



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