Nifty may face another worst case scenario.
In the current scenario we are in the 4th wave in the Nifty monthly chart and this impulse wave is rotating in the terminal wave, which means that the 4th wave will be overlapping of the 2nd wave. It finds immediate support at 7250 and is significant at 6180. The sale could start another bout around 6180 which could pull the Nifty up to the 4305 level.
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