Nifty 50: Expecting sideways to bearish price action (Elliott Wave Analysis)

Neerav Yadav 50 Eyes Market Analysis

Nifty: 15 min.: This market seem to be moving in a downward Impulse which started near 11764 level.

The current price action seems to be in a Corrective Wave 4 (Circled) which is either complete at the 10700 level or still continuing as a Triangle.

In either case this market should remain below the 10713 level and should make a low lower then the 10135 level.

Expected Movement: Sideways to Bearish.

Strategy: Look to short pullbacks with SL above 10713.

Author

Neerav Yadav

50 Eyes Market Analysis

Neerav Yadav is a Futures trader who is in the markets since 2014 and trades primarily in Energy Futures, Gold, Indices, Stocks and other instruments.

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