Waves have been marked on chart for easier assimilation .. It appears that Nifty
formed a triangle corrective pattern on 16 Oct .. View for Monday is bearish
... If Nifty
opens flat, expecting a rally till the resistance zone
marked on chart and completing the correction ... Thereafter the minor Wave v should commence and complete at support zone
marked on chart ... This entire move should complete the higher degree Wave 3 ... Expecting a pull back from there as part of correction.
Note - Views are personal and meant for educational purpose only, not for trading any instrument