nifty intraday ew(update)...

3-iv and 3-v progressed on expected lines after yday 1.30 pm.

while on the charts its not weak but due to asian mkts trading with negative bias the opening may bring it down and open the expected a flat type 4th wave tgting 4595 (at most 4558 if only stays below that for sometime).

thereafter we may expect a bounce to yday high or more in a couple of days.

why i said my ew counts are speculative because iam projecting a scenario that may or may not unfold, but likely as per my study.

(posted today morning 09:22 am)

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3:15 pm update(closing bell):

excellent again. from ew views/counts nifty scenario unfolded and has moved exactly as per expectations opening down and reacting from the given lows, looks like the fifth wave is on, now caution advised at higher lvls.

exit lvl will be given in the next post.