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Wednesday, August 17, 2022

NIFTY
REPORT
Objective, simplified approach by DOC_AMIT
TWITTER ID :doc_nifty contact no: +918780933053
THIS NIFTY ANALYSIS REPORTS ARE FOR EDUCATION PURPOSE ONLY.

DO NOT TRADE BASED ON THIS WITHOUT CONSULTING YOUR REGISTERED

FINANCIAL ADVISOR.

I AM NOT SEBI REGISTRED ANALYST.

THIS REPORT IS FOR PRIVATE CIRCULATION ONLY.

A nifty report by Doc_Amit

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Wednesday, August 17, 2022
From 18604 nifty had done its requirement for wave 4 drop n gave sharp bounce
further projection are in chart.

Nifty BOUNCE sharply, it need to move abv 17400 for move towards 18900-
19200.

We are in last phase of wave 4 via triangle(possibility) or wave 5 in progress as

ending diagonal for 19000+

A nifty report by Doc_Amit

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Wednesday, August 17, 2022
POSITIONAL VIEW
Nifty is showing sharp bounce from 15858 with out any enough
retracements, creating fomo who missed rally, n painful for bears. Such
runup usually doesnot end up well so we need to be cautious at each
resistance with our long. First reversal sign will be market is closing
below PDL(previous day low

Seeing yeaterdays price movements this week it will be volatile move

on both side upper range 17950-1800

Lower range 17550-600. Ew counts are in below chart n level for wave c
ending are in table as tgt.

At t1 book 25% tsl at cost. t2 book 50% tsl at t1. t3 book fully.

A nifty report by Doc_Amit

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Wednesday, August 17, 2022

Intraday levels
They are completely different from position trade direction.

Avoid playing weekly. next week or monthly atm option will work like
future.

At t1 book 25% tsl at cost

t2 book 50% tsl at t1

t3 book fully.

A nifty report by Doc_Amit

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Wednesday, August 17, 2022

GANN LEVELS

A nifty report by Doc_Amit