Nifty 50 analysis for 23 Oct

22 Eki 2020

As per wave patterns, it appears that the correction of Wave (3) is going on .. Level of 12000 has been tested multiple times ... If Nifty opens flat, it may fall down till the marked support zone, completing Wave b and from there it should be again headed for a rally till 12000 level as part of Wave c ... This should complete the higher degree Wave (b) .. Expecting Nifty to again fall from levels of 12000 as part of Wave (c)

Note - Views are personal and meant for educational purpose only, not for trading any instrument