Nifty 50 analysis for 05 Oct

3 Eki 2020

The entire move from 10800 to 11400 level appears like a 3-wave pattern (Wave X) .. Once this pattern completes, expecting a downward move ... 11460 (+/- 10) as marked on chart, will be a strong resistance and watch out for price action at this level as Nifty may reverse from there ... View for 05 Oct would be bearish ... Support levels as marked on chart are
S1 - 11335
S2 - 11290
S3 - 11250

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