NIFTY - High probability Correction ahead..!!!

Jun 25, 2024

The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts
Important points of support will be,
SI - 22,665
SII - 22,535 to hold temporarily
SIII - 22,130 ~ 21,830

SL - Any higher moves beyond 23,750
PS: The correction has equally arguable alternate probabilities, to be exact 2.
1. The correction from 20MAR'23 (16,828 levels) - A LP Outcome
2. The Possibility of an extending triangle - meager probable outcome.
*The discussed outcome is highly probable among all these. However, the data from the market's forthcoming sessions are mandatory for confirming the same - to eradicate the alternatives!!!

Short positions can be taken from 23,690 ~ 23,700 levels
Trade Accordingly.

Jun 25, 2024

Note

The possibility of -ve monthly close is anticipated

Jun 25, 2024

Trade closed manually

Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels. TRADE WITH CAUTION
Trade closed manually:
If no short taken yet, hold the tendency to act &
If taken wait for a better position to exit (with minimal loss)