Nifty continues to maintain the container I mentioned in Nifty 24 September 2013 : The container for some time to come and the inner walls of this container is being dented. While we wait for this to happen decisively, the current move may be developing as shown on the chart below:
Three values need to be kept in mind.
6260 - The max blue c can do and a tick above this will make the possibility shown above invalid. Which will lead us to the next value.
6311 - Removes the possibility of an expanded from 6142 and leads us to next value.
6336 - The minimum value for a 3 wave structure from 5118 developing as 5118-6142-5701-6336(min) to 7356 (max).
Rest after one of these shows up.
ALL THE BEST!
Three values need to be kept in mind.
6260 - The max blue c can do and a tick above this will make the possibility shown above invalid. Which will lead us to the next value.
6311 - Removes the possibility of an expanded from 6142 and leads us to next value.
6336 - The minimum value for a 3 wave structure from 5118 developing as 5118-6142-5701-6336(min) to 7356 (max).
Rest after one of these shows up.
ALL THE BEST!
