Trade plan for 02 March

Looking at EW probablities ...
we see that move down from 5630 is a 5 wave , so we are in a ZZ
now we did ist set of 5 waves at 5268 making
A   5630 - 5268 = 362
From here two possibilities arise ...

1. either we finished B at 5459 in 3 waves and have started the C to down in 5 waves off which 1 and 2 are done and now in 3rd to down will confirm if we break 5298 . 

• so B  5268-5459 = 191 ( 53% of A)

             C Going on in 5 waves
            C.1  5459-5298 = 161
            C.2  5298-5369 = 71 **** Going on  unless 5298 is broken to down
         

1. Or we have a B which is Flat / can be irregular flat for this nifty has to break 5459 and move past it  . We did open at 5369 but then are falling from there

• so B.a 5258-5459 = 191

               B.b 5459-5298= 161( 84% of B.a)
               B.c ** going on has to go close to lvls 5459 or Above it .
Then C will start to DOWN in 5 wave s...



todays ORB range is 5,315.05 - 5,369.45
break of 5315 we can be cautious and break of 5298 , we can go short .

Break of 5369 to up , may go long not too sure about it .