Swarnendu_Mitra

NIFTY from March Low

Short
NSE:NIFTY   Nifty 50 Index
255 views
2
Z itself might have done a triple Zigzag and final z of Z has ended in a triangle. Confirmation sustaining below channel, But sell at CMP or higher with SL being new high above 15336..
Target after break of channel..
Comment: Couldn't break the channel on first try, might try once again. The move from 15336 seems to be unfolding as an LD. If it's done, W2 will be sharp and deep. Short near 61.8%-78.6% retracement with SL again at 15336.
Comment: Bullish alternate, if 14264 isn't taken out next week, NIFTY is going for 16700+. Confirmation above 15336.

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