Nifty short term to medium term view:
Nifty is still in larger 3rd wave and is in C of iii of larger 3.
The black trendline is being respected from 17500 in this uptrend and may be broken on completion of C to create panic.
In shorter time frame too C may be doing 5th till 19200, then may head higher till 20500/20700 to complete larger 3.
20700 is required for 3 to be extended.
Not a trade reco.
Nifty is still in larger 3rd wave and is in C of iii of larger 3.
The black trendline is being respected from 17500 in this uptrend and may be broken on completion of C to create panic.
In shorter time frame too C may be doing 5th till 19200, then may head higher till 20500/20700 to complete larger 3.
20700 is required for 3 to be extended.
Not a trade reco.