#Nifty || 7th July 2022 || Falcon Trader analysis for #Nifty50

It seems that we have not finished blue Wave C

Also Thursday is expiry day and sellers will not allow buyers to enjoy profits.

I think we are on verge of going down but needs final push up which has happened today, and therefore I planned to post this post after market opened.

So Falcon Waves - wave C finishes today, RSI and CCI are already over bought on 1H
16200 seems to be final resistance

Happy trading!

• Short today as market closes for target for wave A down
  
• 16200 seems to be good resistance zone
  

Comment:

Clean Chart

Comment:

Can go to 16200 - 16400 levels
followed by selling pressure

Why?
Because Wave C can be 100-123% of A+B