3883 Only view and not for trading
As per the visual appearance of chart looks that
1.it may prolong towards 13750 as Wave C corrective wave and
2. same level is also a weekly 25 ema support area. Nifty has not touched the 25 ema in weekly charts since more than 10 weeks. It may or may not take support at 13750 in coming month.
3. 13750 also the 1.618 fib level
4. Otherwise big round number attraction of 14,000
5. Monthly chart showing pin bar which indicates following month may have down fall towards 14000 or 13750.
If many retail investors also in assumption of above levels, then big boy will tries to make failure of above level towards 15000 to hit SL.
1.it may prolong towards 13750 as Wave C corrective wave and
2. same level is also a weekly 25 ema support area. Nifty has not touched the 25 ema in weekly charts since more than 10 weeks. It may or may not take support at 13750 in coming month.
3. 13750 also the 1.618 fib level
4. Otherwise big round number attraction of 14,000
5. Monthly chart showing pin bar which indicates following month may have down fall towards 14000 or 13750.
If many retail investors also in assumption of above levels, then big boy will tries to make failure of above level towards 15000 to hit SL.
Note
6. FII is also started selling yesterday 1000 crores and today 3000 crores.... may be Wave C correction started and may end at 13666 or 14000; if above assumption is true. OtherwiseNote
otherwise, it may be false also.Trade closed: stop reached
Most retails thought my ways, Hence it reverse... Hope, it may hit 15K tomorrow
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