October 23, 2017

Elliott Wave Outlook of Nifty for Oct 2017 Expiry Week

Nifty opened flat at 10210 on Thursday (Muhurat Trading) but traded with weakness for rest of the day. Nifty declined more than 80 point within 1 hour of Muhurat trading and finally closed 64 points down at 10146.

Thursday, I expected Nifty to bounce again above 10251 in coming sessions with 10137 as breakeven point on downside. Trading strategy was Buying on Dips and I suggested buying Nifty Oct 10100 Call if get Nifty in 10150-10137 range using stoploss of 10123.

Nifty declined till 10123.25 and closed at 10146. Oct 10100 Call was available in 60-70 range. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/elliott-wave-outlook-of-nifty-for-oct-2017-expiry-week/

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