Nifty 50

Nov 2, 2020

After a great dip of March, market has risen sustainably and distribution has been done systematically. X-X, Y-Y and Z-Z phase distributions we can see. After this a probable big correction, we can see, which will be inevitable above the trendline. One can see blue candle crossing the trendline giving the confidence to the market and we have seen another distribution around 12000. Yello candle in formation at the present level (around 11600), one can see the uptrend here, and then final distribution at 12000, 12100, 12200, 12300. We may see 12400 but it is less likely and market will correct heavily from these levels.