I am still quite confident the markets are set to drop significantly in 2024. I have studied correctional wave patterns that are similar to our current situation wherein the market topped on January 4, 2022 and began the corrective pattern.
**The pattern contains a wave B that is larger than wave A in duration and movement. The wave C then moves more than wave...
Analysis of Nifty Futures indicates that largest number of contracts are pegged at 18000 level.
If Nifty is unable to scale or hold this level, then you might witness another selling wave near that level.
However, if 18000 level is surpassed, then the sellers sitting at that level will be forced to cover their losses and hence Short Covering will push the market...
