S&P CNX NIFTY INDEX FUTURES
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nifty analysis

37
Both the previous and this Post have NEUTRAL strategy, because I wanted you all to see and understand what did happen and what will happen hereon. The AREA marked in the Red circle is slightly confusing for now.
1. where I have marked iii, can either be iii/1( wave 1 ), OR, we are still not done with wave 1 yet, and here I have shown it as subwaves iii and iv done, and 1 TOP still pending. Thereafter 2 down pending.
2. that we have already done ! and a shallow 2 is also done. This needs some thinking and confirmation.
It is now a question of Time before wave 3 up starts, and this wave 4 will be a BIG one.
Nota
I have posted the FUTURES contract by mistake, but the JIST is the same. Take your charts out and mark the same markings onto Nifty Spot

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