IIT-Trader

NIFTY--Impulse-Correction??

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
A Strong impulse wave is identified in NIFTY.
Wait for the corrective wave to continue its direction or reversal.
After corrective wave will decide further direction of NIFTY.
Now it is at Resistance zone.
will see tomorrow outside bearish candle or Outside bullish candle forms.
Because liquidity lies on both sides.
Until price breaks the 21800 levels no short side view.
Comment:
price is now exactly at resistance peak point.
Comment:
it is confirming that Bearish sign...pin bar at Resistance Zone.
Comment:
wait for complete turn
Comment:
this is the place ...for U turn....keep safe....
SL hunt done for sellers...
Comment:
If the zone failed to push the price upside....fall till 2196-21920 levels...
lot of liquidity lies below it.
Comment:
price is now at crucial resistance zone...if this break and retest will enter longside...
or
If price gives us any reversal will look for shhort side.
Comment:
consolidation--break above resistance--no continuation look for sell
Comment:
consolidation Downside manipulation chance keep safe.

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