NIFTY
1) Morning market may become +ve depends on global market
2) if morning gap down happen or price sustain below 11300 then we can see 11260, 11220 levels
3) Up move is very limited since big players are bearish
4) today up move is also not volume supported so up move will not sustain for longer time
5) today 11400 level is clearly rejected 2nd time in 1h chart
6) Nifty in 1d chart follows ABC or 123 pattern in any trend market, now it has to form 3rd wave & it should be a big down move
2) if morning gap down happen or price sustain below 11300 then we can see 11260, 11220 levels
3) Up move is very limited since big players are bearish
4) today up move is also not volume supported so up move will not sustain for longer time
5) today 11400 level is clearly rejected 2nd time in 1h chart
6) Nifty in 1d chart follows ABC or 123 pattern in any trend market, now it has to form 3rd wave & it should be a big down move
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