Niftydirection

Nifty possible downside based on Global Indices

Short
NSE:NIFTY   Nifty 50 Index
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.

I may or may not trade this analysis
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Nifty during after breaking day high in last 1 hour on 25th Feb made 3 black crows on 15 min chart.

It is likely break below 0.236 fibonacci level near 15050 that will be sign of weakness. It will be A Wave.

A bounce back towards resistance 15110-145 again possible as B wave. Going short near this sell zone will be low risk high reward.

Stop loss of this analysis yesterday's high 15177

Sharp downmove towards 14850-750 zones can be expected in wave C

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