Niftydirection

Nifty zig zag 4th Wave correction on the way

Short
NSE:NIFTY   Nifty 50 Index
Wave C is expected either be a ending diagonal or zig zag going down in the channel as shown.

Once this move is done near 15580-50 levels another big move UP will take place.

Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A.
Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A

DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis

I may or may not trade this analysis. Details in description.
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Comments

If SGX nifty is any is any indication, we will have a break away on Monday morning
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any view for BANKNIFTY
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