Both possibilities open for India equity index - NIFTY . Bearish butterfly targetting 8700+ (need to cross 8500 sooner than later)
while bullish butterfly can target 7500- on downside. (needs to break 8000)
Just posted :)
Short term view which I posted on the group earlier is for 60min futures charts which I dont have access to in this website. But I have posted a link to that in comments section of my latest post.
CD = 1.945 BC ... this ratio is displayed on that line. There is nothing at 8620 :)
However in Nifty futures there might be something developing at 8600 levels and today's sluggish price action might just be a hint of OB Hour technicals