NIFTY potential long trade in development - target 9000+

11 nov 2016

From 8002, NIFTY (NSEI.NS) has completed 5 waves with extended wave-1. Wave-A of the correction is over. wave-C should end in wave-2's price range. I will initiate long with SL below 8170. Target will be above 9000 (will try pasting a picture from higher timeframe for target).

Thanks for reading.

I will appreciate your comments with encouragement and criticism. Please do comment if it makes sense or sounds completely wrong to you!