#nifty update for 25/01/2021 next move.

25 Oca 2021

I have mentioned two scenarios above using elliot waves.

Now in simple terms.
Simply above level 1 if sustains for few mins you can go long for 14600 which is point B at least.

2nd scenario is that, if this is a running flat correction, then we can expect new high from instead of 14600. We will review the idea when touches 14600 level.

Coming up with reliance today as well

Regards

25 Oca 2021

Not

11:20 AM, CMP 14368, still no clean move above the level. Wait to close decesively.