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NIFTY - Bearish Market View

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Índice Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Índice Nifty 50
Trend Analysis Chart Patterns Wave Analysis NIFTY sensex BANKNIFTY nse BSE india indian indianstocks indianmarket
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trendanalysis chartpattern waveanalysis nifty sensex banknifty nse bse india indian indianstocks indianmarket
The idea is based on the Elliott Wave Theory. The current upward momentum is very low and the price is moving in a corrective structure. A downward move is likely from the current resistance zone (or a possible likely scenario with 61.8 fib correction).
A move over 18480 invalidates this idea.

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