Nifty 50指数
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Nifty analysis based on wave pattern

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Current we are in short term uptrend.

Our primary view remains that short term uptrend might have topped today. IF we fall below 9613 with a faster retracement then it will confirm that short term trend has reversed. failure to do so we should assume we are still in uptrend.

Reason behind such view -
Fibonacci time wise , Wave A= wave B
internal also we can see 3 waves in wave A and 3 waves in wave B.
Mostly looks like a flat pattern is forming, if correct then we will get sharp fall to 9450 levels.

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