S&P 500 Index
Short

US500- Will it drop & help India Nifty for Wave-Y? Down

SP500 / US500 has been all messy & choppy -if upside rally stops in 3450-3475 then we expect down move with initial halt close to 3300 level & dropping further can take it to 2935-2950
-------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 - Head & Shoulder at the top-12440 High (Bearish Outlook)
----------------------------------------------------------------------------------------

NASDAQ INDEX- HEAD & SHOULDER PATTERN


-------------------------------------------------------------------------------------------------------------------------
MCX Gold - Triangle Evolved into Ending Diagonal (Possible Scenario)
----------------------------------------------------------------------------------------------------

Gold- Triangle Scenario Evolving As Ending Diagonal- Wave Y


-------------------------------------------------------------------------------------------------------------------------
India Nifty Market Commentary
-----------------------------------------
India Nifty was struggling to move above 11900 post-gap-up move & whole of the session was all up before dropping sharply in last hour might be showing its intension that domestic & global markets all may get ready for a move towards south.

India Nifty has moved up recently as X-Wave (10790 to 11905) -looks like an irregular correction & could be heading down in Wave-Y if holds below 11870/11880 zone

India Nifty -Last Idea Published
Nifty - Careful in 11870-11880 (Sell Below 11850)




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.