Wednesday, September 23, 2020

Nifty wave analysis

Taking further from last post Nifty and dow futures .We can see dowfut had already broken previous low whereas nifty was still trading above last low ,In last 2 trading days nifty too breached last low and today attempted a recovery.Lets see the chart.

The move is well within the parallel channel . Also a trendline from all time high crosses from todays low .This range of 11000-10950 seems important if we hold it can expect good up move. Wavewise an abc correction looks finished .Lets see tomorrows price action for more confirmation. 


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