rf16saun

Nifty's corrective wave

NSE:NIFTY   Nifty 50 Index
Today's Nifty drop looks like corrective wave "A" completion, until new high is taken out tomorrow it will be crutial. We might get agreen opening to wave "B" only to fall later in the day to complete the Wave "C". Given tomorrow option expiry conviction to close in red increases, but in case if the new high is taken out tomorrow then we will be in the last leg "5" of the ending diagonal. Chop Chop

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