#Finnifty directions and levels for Jan 5th

5 Oca

Finnifty is also expected to open neutrally based on the Giftnifty indication. If it pulls back, it might reach the supply zone up to the swing high. Structurally, this represents a sub-wave 5th continuation. If it rejects either the supply zone or the swing high, an ABC correctional wave might occur, potentially taking a minimum of 23 to 38% Fibonacci correction.

Regarding the bearish aspect - if it opens with a gap-down or rejects the immediate resistance of the supply zone, this might signal an ABC correctional wave, Thus, following the previous statement would be prudent.