NIFTY Opening On 25th Oct 2023
Nifty In the 1st chart above I have given the long term view. Here, wave IV is still to complete with an extended ABC flat correction. However IN CASE the markets go beyond 19850 as shown in the second chart, the bearish call is invalidated
In the 2nd chart , i have given an immediate pullback rally , levels given by red lines. Once this pullback is over , we can expect the downtrend to resume.