We Have seen around 1000 Point corrections in the last couple of months in the Index. the Index is trading on its daily and weekly support. Confirmation Required at this Point. marked the Intraday Range on the chart but the problem is Ranges are big at this point. 250 Point range is quite big for Intraday but we can't do anything about it because the of the Index is too high. Wait for the direction and it comes on breakout or breakdown. High probality Trade is the downside.
At this point, we are getting 2 in the nifty Index
A: XABCD pattern which will be activated above 14500 and target will be 14593
B: which comes with the current downtrend will be activated Lower than 14250 and the target will be 14035
Note: These levels are valid for today and as well as for next week. Trade only when you will get a direction which is come either on breakout or breakdown