Nifty Behaved same -as we have expressed our view in last Report and followed prefered road map
now its near by on dreamget 2nd target level 5500. (target still pending ) so what all price sturcture says?
1>usualy price get unbalaced at 2nd degree target , so near term DIP is expeted and reversal will be fast and sharp
2> after white couting ,price is in trend exhaustion pattern - (blue -red couting that eather will end in 13 count)
3>to form range box price need to hit first Grey dot 5373- all long postion should be squared off if trading below grey dot
4>hiting grey dot price will move towards 4/8 price percentage area..(dreamget first target will be same around)
5> mazor sell patern will form when there will be bearish angulation patern ..- This will complete elliot inner five wave series
Traders are advised to sell call option of higher strike price (this month - next month to collect maximum premum) on confirming reversal signal
