Nifty Video Update
24 Sep 2020 ● 07:44 AM
Nifty Chart below shows why 10882 is the next important level for wave 4 to form/complete. Breaking 11100-11000 does not mean we are not in wave 4. If we do bottom at 10882 or near about what are the wave 5 implications ? Conservative 12600, Normal 14270.
Nifty is now at the final zone for wave 4 to bottom at 10882 an above the 20 week average and extremely oversold. The next bounce should be impulsive to prove that we are now in wave 5, and go past the 61.8% mark of the fall so far. Failure to go past that would only allow me to consider more bearish alternates.