Niftydirection

Nifty Triple Zig Zag Correction Possibility

Short
NSE:NIFTY   Nifty 50 Index
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If nifty starts fall and doesn't violate 11618 then probability of triple zig zag pattern high.

11440 is 0.786 Fibonacci level of recent high 11618.

Triple zig zag least corrects 0.5 Fibonacci level of previous wave(ii to iii) which is at 10670

z wave correction will be abc correction, abc drawn in chart are just for reference and not calculated.

11099-11035 Gap 1 filling this will confirm downside
11347-11226 Gap 2 filling this will confirm fall towards 10670 or even beyond.
Trade closed: stop reached