gave a BO of a falling wedge
in a 5 wave impulsive fashion. Wave counts have been marked on chart. Support zone
(15431 - 15371) should act as a strong support, completing minor wave (iv). So expecting Nifty
to hit the support zone
and bottom out either tomorrow or day after. From there on Nifty
is likely to go ahead with wave (v) for target of 16250 - 16300. Idea gets invalidated below 15140.
Note : Views expressed are solely for educational purpose only and not meant for trading instruments