As per wave count, it appears that the corrective leg Wave (b) is not complete yet ... Hence expecting an upward rally to start with till 1015 hrs, followed by the corrective leg Wave (c) unfolding in downward direction .. Resistance would be 11965 -11955 and has been marked on chart .. Support zones would be 11845-11835 and 11755-11735, as marked on chart ... Likely important Time zones to watch out for would be 1015 hrs and 1215 hrs and have been marked on chart ... Long term bias would be bullish, however for tomorrow, view for Nifty would be bearish.
Note - Views are personal and meant for educational purpose only, not for trading any instrument
as per your post... u r expecting 100 to 150 points fall after 10:15 AM
raj0778
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@Goutam5196, Yes, am expecting wave c to unfold with a minimum correction of 23% ... likely important time zones are 1015 & 1215 hrs (+/- 10 mins), hence expecting wave c to unfold anytime after that ...If the first support zone breaks, Nifty might test the second support zone as well
Goutam5196
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@raj0778, Wave c .. dropped like a falling knife and slashed every bull in its way ... caught 240 points per lot . Shorted @ 11975