Decline from life time high 12102 is seems to be corrective and looks like double zigzag
in which 12102-11770 as first abc
, 11770-12000 as X and 12000-11625 as second abc
. Now If correction is completed at 11625 as double zigzag
then we will see new high above 12102 OR pattern could also turn in to Triple zigzag
(In which one more low below 11625 is possible from 11870-11921 range). As of now nifty
needs to bounce in the range of 11870-11921. and from there we will see further possibilities which explained above.