#nifty cmp 15750.
recent fall from 16784 to today's low 15735 appears to be corrective as inner waves are overlapping on each other. Hence, this can be probably wave b of flat pattern, wave c of flat can bounce towards 16400-600 zone.
provided, nifty must hold 15730-700 zone on closing basis.
Close below 15700 would mean that, more downside targets open in coming sessions.
Hence, 15700 acts as laxman rekha for Bulls and Bears.
regards,
recent fall from 16784 to today's low 15735 appears to be corrective as inner waves are overlapping on each other. Hence, this can be probably wave b of flat pattern, wave c of flat can bounce towards 16400-600 zone.
provided, nifty must hold 15730-700 zone on closing basis.
Close below 15700 would mean that, more downside targets open in coming sessions.
Hence, 15700 acts as laxman rekha for Bulls and Bears.
regards,
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