Nifty Future for September 15-19 - Rakesh Chandra

Look this sensex image. Where are we heading? This wave count is not done by me but it looks good. All these things are going on correctly. Monday we should see some upside on open, which cannot be ignored, but this upside is a shorting opportunity at some point on an intraday basis. Wait for the market to sustain,. On an hourly basis, Nifty future is on an extended Wave3. Any lower side level is a buy for the coming hours. After a wave3 down, a small 4th up is on the cards.

Upwave (4-5) WUT3: 4,535;
Upwave (2-3) WUT2: 4,453;
Upwave (0-1) WUT1: 4,322.

Price is bullish above 4,240.15, which is a weekly pivot point. Price is bearish below 4189.85, which is a weekly pivot point.

Weekly lower targets are:

Downwave (0-1) WLT1: 4,108;
Downwave (2-3) WLT2: 3,977;
Downwave (4-5) WLT3: 3,895.