padiyaraa

Nifty above 8760 can move 8790 & 8830 stop:8720

NSE:NIFTY   Nifty 50 Index
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Nifty 8740. Is bullish and doesn’t show any weakness, the ongoing impulse wave doesn’t show any tiredness, like a terminal wave pattern or doji top in weekly anything that kind but a divergence persist in top . In such scenario, one has to believe that, an impulse wave may be still on going, and on completion of this wave, we will have to face an inevitable healthy correction, as we have changed the bearish scenario totally from the view, considering that we are in an impulse wave1, started from 7894. Remember a wave one can retrace any level down expect 0 level= just above 7894. I expect a minimum 50 % correction
Here I have given down the volatility pivot , very useful for such doubtful scenario, Go above 8760 for a target 8790_8830, with a strict stoplossat8721. Be watch full both way keep caution, as we are at some top.
Or the current top 8758 may concluded as top if we are in an ABC correction and now B may be going up.

Comment: high is 8814
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