Nifty50 Positional Analysis :
Now the market did reach near by bottom line of diagonal pattern.
so here we will expect little bit of bounceback,
that support levels (11107 to 10980).
buy tgt (11302, 11420 & 11550)
once the market will break the support of (10980)
this level more prb down fall its tgt ( 10564)
(Nifty 50 positional analysis)
Now the market going to correctional wave 'B"
Scanning the wave 'B'
and its subwave 'C' is progress..
Its min tgt levels (12338 to 12454)
and additionally there is forming ( butterfly pattern )
its tgt levels 12536 to 12652)..
once the market will break the previous low (11908)
go for sell
Trend affecting factors:
Market now going to ending diagonal,
More prob upside breakout..
that tgt (12142 to 12200)
support levels (12005). once
the market will break the support. it will go for
(11917) next support level..
PCR value (20,2,2020) = (0.53) its indicate over sold
There is forming ending diagonal,
most prob downside fall and
also the RSI indicate overbought,
so 2morrow we will expect little correction ..
(sell tgt 30752 to 30532)
(support level 31106 once the market will break the support go for buy its tgt 31465)