Moreover, if Nifty don't go down with 8950's - 9000's play vital role in whats gonna happen next. Its how fast Nifty Crosses this zone or repelled back or Range in the zone. So this zone also plays important role,just keep note of it.
More to come in this space...
Have you noticed the cross (X) mark, its marked to indicated two things, not to enter there & we won't get chance on Gap down open. And, yes Gap down happened. But for aggressive traders they can place orders short order right away with stops above first leg of double top 8975's. Conservatives wait for pullback or break of 8900's
Entry near (Down arrow) will be perfect place to short but we didn't get entry. If there is another entry chance for shorts I will update here below.
I was placing orders and typing thats why delay in updating :)
Can you take a look at BhartiAirtel(Hourly), looks like wave 4 correction is getting completed, should make a down move to make double bottom.