After huge fall on 15 October there are two ways for nifty now for 16 October either direct fall or a slight pullback then fall/ to close in the green.
•If 30 min candle closes below 11745 then it's a direct or a free fall upto 11600/11500.
•If it rises and 30 min candle closes above 11780 then it shall rise to 10850/10900
•If can't close above or below 11780 or 11745 on 30 min candle then do nothing and wait for either levels to activate.
•If 30 min candle closes below 11745 then it's a direct or a free fall upto 11600/11500.
•If it rises and 30 min candle closes above 11780 then it shall rise to 10850/10900
•If can't close above or below 11780 or 11745 on 30 min candle then do nothing and wait for either levels to activate.