1. In title of post I mentioned "nifty in final leg of impulse wave. soon correction." It does not mean final leg was today. What I mean to say very soon in coming one or two days it can complete that leg. Til now no traces of completing it. So some of the traders taking impression of change in trend today's fall can be deceptive.In my point no 5. of previous post I mentioned that green upper line can be last move for nifty . And you see It fell near this level. In every chart I show this magic of support, resistance and zones. My whole study provides such perfection in level where index or scrip reacts.That gives me confidence to manifest whole move one day before happening. Proving in almost 110 posts. It does not mean you start thinking that I wrote in last post reversal is done. Until and unless price fulfill my conditions of reversal pl do not consider it.
2. A red dotted is breached today have been waiting for last many days. But now it has to complete new conditions. First it should take out red support line where I put red arrow. For down side if do not fulfill til i am .
3. On other side green upper zone has to betaken out for upside move. In between two ranges nifty can consolidate for quite some times. So trade with the mentioned conditions in mind. Follow them strictly . Next target of upside is red line. It might be the real point to reverse this move. Remember this this green can also be reversal but fulfill the lower condition.In range bound trades book your profit as soon as possible. Rest market will decide.