Nifty – The fall from 20000 plus has been almost a vertical one. These vertical falls invariably end up in some sort of triangle (Like brakes being applied). MOST LIKELY we should have a pullback as shown above.
Is the low made yesterday the end of correction. In all probability NOT. We should see more downside once this 2-300 pullback is completed. However better to be ready for all probabilities once the orange rectangle is reached.
NIFTY Opening On 29th Sep 2023