1. The Nifty is in its 4th wave of upside move 2. From the chart you can see its forming a tringle in descending pattern. 3. You can compare this chart with the real time chart which nifty is making.
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now expect atleast 17576 to come
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Nifty reached 61.8% of retracement of 17576...this should hold.
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If it does not hold 17576 then we can expect trend downside upto 17000 16500. Stay away from option buy good stocks.
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