Waiting for wave 2 of wave 5 to form

10 באוק׳ 2020

Nifty completed its wave 4 and trying to form wave 5. I think wave (i) of wave 5 was almost completed & I am waiting for wave (ii) to form around 11700 - 11650 level. if it will find support at that level and stops then the huge wave (iii) will starts and reach pre COVID level.

Buy Nifty future around 11650 - 700 with stop loss of 11500.

or

Buy ITM call option when its reached 11650 level.