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Nifty - Short Term View

221
Hi
As of now, seems nifty is running in a 5 wave structure.
As of today, it has completed 4 Waves (Pl refer Chart).
5th Wave is pending and might get completed near 12300 levels.
Also we need to be careful near 12100 levels, in case if 5th is a truncated wave.
As of now, we can go long with SL of 11780 , 1 Hour CLBS for the above said target.
Any close below 11750 on daily basis, will consider this pattern invalid.
The chart is self-explanatory.
노트
Still holding the CLBS 11780. So Bulls need not worry.
Hereon, we may see a good rally.
노트
High made today 12038...now sl can be changed to 11940 clbs
노트
It seems we are on our way towards 12345 now.
Looks bullish to me.
Has made a new high made 12132.
SL can be brought up to 11970 1 Hour CLBS.

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