NSE:NIFTY   Nifty 50 Index
After making a high of 8968, Nifty has been in a corrective mode.

It is making a classic WXYXZ pattern, in which, its in the last wave down. In the next 10 days or so it should be able to complete the move down. This will be more clear in the coming days. However it appears that after an initial bounce to 8400 levels Nifty should correct to around 8100 levels.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.