NIFTY pricewise minimum target is done, but timewise, and also as per ZC structure, another high from 12480-340 zone to above 13000 shouldn't be ruled out. For now stay short, but light quantity as long as a clean 5W down is not shown. Then we can short the next bounce with full capacity.
1. It's doing Double diametric. Confirmation is break of 11661 low. Target 11262 (Minimum, else some other combination will form). Then we'll revisit the count after seeing where the low is formed. Ideally, CRASH coming after one more high from there. White path
2. It's doing Diametric + Triangle. Confirmation is close above 11887 (61.8% of Thursday's master...
NIFTY low will be done today as per time analysis. 119XX/120XX coming next. Important dates are marked on chart. Buy with today's low as hourly CBSL, book half above 11400, re-enter on dip and book all above 11900.
Target is final gap filling at 1153X before this uptrend tops out. 11100-600 Orbit is also intact.
Caution: NIFTY is dangerously close to break the uptrend started from 15th June and more downside is not expected on closing basis. So, though invalidation is 10827, another red day on Monday could mean that top is already in.
NIFTY projected path after it hits bottom (ignoring a small 150/250 bounce as internal W4 which will waste footage only other than correcting the oversold oscillators).
If it's ED4, another ATH will come from 11100-10900 Zone (green path).
If it's W4, fall may continue after a considerable big bounce upto 11500-11700 zone then red path back to 10700-10500...
Go long with 11570 CBSL (Day candle close below) . Target ATH.
If SL hits, attempt another long near 11500 with 11480 SL touch basis.
Final SL for long is 11420 touch.
NIFTY remains bullish as long as 11420 is intact.
Short the bounce only after 11420 is taken out for target 103XX/102XX.