VikramGopalAimanda
Short

Nifty analysis based on wave pattern

NSE:NIFTY   Nifty 50 Index
179 3 4
Current we are in short term uptrend.

Our primary view remains that short term uptrend might have topped today. IF we fall below 9613 with a faster retracement then it will confirm that short term trend has reversed. failure to do so we should assume we are still in uptrend.

Reason behind such view -
Fibonacci time wise , Wave A= wave B
internal also we can see 3 waves in wave A and 3 waves in wave B.
Mostly looks like a flat pattern is forming, if correct then we will get sharp fall to 9450 levels.

Please label everything in a proper way or else u would have to change your wave counts again later..
Thanks
Trade safe and have fun
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VikramGopalAimanda trading_learner
@trading_learner, i guess chart and description clearly gives my view on..expected direction and levels to watch.
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Ya, n friday is a day, it always want to fall ..
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