nifty 4th consilditon wave on 5mint chart

yes ..market sold off .
bear enjoyed...
has been mentioned in weekly reprot..
below 4550 decline will be sharp.
.230 pont we gained in our weekly postiional short
cheers
here nifty chart on 5mint
all wave lebeling has clearly mentiond
now 4th cosnsioladaion wave on card..
some point upside up to 4400 lebel then5htdown wave will on card.
trade level of day
^NSEI* RC Wave* stoplls:4,343 next day_Buy above :4,369.46
next day up target>4,413>>4,482
NSEI* RC Wave* stoplls :4,369 next day_Short bellow :4,342.84next day lower target >4,300>

nifty consolidation will start now?

yes market behaved same ways as we discused in our last report"
as said ..wait 2 more days let momentam cool off..so next 2 days red closing happend on card.
now what?
momentum is coolled off completly (trading below 4550 only)
or stilll some upside left (above 4600)
both cant deny reason as follows
car can goes off some more distance if engine gets stop while running unlles break apply
newton 2nd laws of motion says- every body tries to main its runing stage unless and untill external force not acts..
heree external force is chioas (new inforamtion)
if there is no chioas market can go some what up with less momentam
but as if any new information comes. below 4550 furtere downside on card
here nifty on eod basis forming extracting traingale
The expanding triangle is said to be a good indicaotor of a reversal pattern, and is usually analyzed when a price has been increasing to see if a decrease is likely to occur. also called broadening top and broadening formation.
use level for trading purpose
S&P CNX NIFTY* RC Wave* stoplls:4,553 next week_Buy above :4,599.08next week up target>4,673>>4,793
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S&P CNX NIFTY* RC Wave* stoplls :4,599 next week_Short bellow :4,553.42next week lower target >4,480>>4,360>>>4,286
(option player can sell 4800 call option on rise and collects premimum