#Nifty directions and levels for JAN 2nd

Jan 2

Nifty is experiencing an expanding flat correction, and there is a sub-wave labeled "C." The C leg might complete around the Fibonacci level of 38%. Once the market finds support there, we can expect the completion of the "C" wave, potentially evolving into the 5th impulse wave. This represents the basic structure. However, if it doesn't find support at 38%, then the correction will likely continue.