Nifty Crashed more than 600 points today before settling at 13328. More Downside will come till 12600-12800 if it breaks the upper trendline. Be cautious! Book your Profits. Any Upside will be Sell on Rise on Nifty as well as Bank Nifty.
This is a Flat Structure where we have Waves A and B completed and now Wave C which is a downward Impulse forming; so for now you can forget buying; it should bouce in our Supply from the Demand drawn as per the dotted lines and then Nice fall I have also mentioned the target in the downward direction;
IGNORE IF IT BREAKS OUT 68 PERCENT OF A
I'LL UPDATE WITH A NEW IDEA
BECAUSE NEXT REVERSAL LEVEL ( OF 123% OF A ) AND BEARISH ALT SHARK PATTERN REVERSAL CANT BE POSSIBLE IN THIS MONTH
IT IS MADNESS IN GIVING A CALL LIKE THAT AT THIS LEVEL RIGHT NOW.
Here I have verified The Leading Digonal Wave by Wave to clear every doubts anyone still has;
Now this entire Wave 1 has taken 9 Days and some hours to complete;
This is Wave A of Wave 2 which has taken 1 day 22 hours to complete hence...
We see 5 Wave Upward impulse is complete and therefore now starts the Correction;
We have verified the Wave 5 which confirms the completion of the Upward 5 Wave Impulse; we see Wave A and B which we will verify in the Lower Degrees to understand the current Correction structure...
Nifty - Technical Analysis:
-Nifty settled 39 points, or 0.35 percent, lower at 11,278.
-NIFTY saw selloff in the first session of the day till 11200 and bounced back from the level.
-It gapped down owing to the selloff of tech stocks in US and recovered when European markets opened in green today.
Market - Driving Factors:
-Today's session witnessed sell-off...
nifty levels for 24-6-2020
the white lines are waiting lines and green for go and tgt
and red lines are for short
if gap up or gap down then these lines act as support and ressistance so watcch the price action on the lines and go for trade for example if gap down and the price supports @ the red line and price action indicates buy you can go for buy...