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.
The author or any person directly or indirectly associated with 50eyes.com does not hold any liability for any profit, loss or loss of profit made using the views presented. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or forex); therefore, you should not invest or risk money that you cannot afford to lose.
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