Nifty Analysis for 24 Sep
As mentioned earlier, Wave C of the major corrective leg is unfolding.. It appears that Wave iii of Wave C is complete and it’s corrective wave a is unfolding.. Hence wave a may take it further up, followed by Wave b in downward direction and finally Wave c again taking it upwards.. expecting the correction to finish somewhere close to the resistance zone marked on chart .. Expecting Nifty to spend the entire day in this correction.. Hence view would be predominantly sideways with slight bullish inclination.
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