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Indice NIFTY 50

NIFTY--Impulse-Correction??

Par IIT-Trader
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A Strong impulse wave is identified in NIFTY.
Wait for the corrective wave to continue its direction or reversal.
After corrective wave will decide further direction of NIFTY.
Now it is at Resistance zone.
will see tomorrow outside bearish candle or Outside bullish candle forms.
Because liquidity lies on both sides.
Until price breaks the 21800 levels no short side view.
Note
price is now exactly at resistance peak point.
Note
it is confirming that Bearish sign...pin bar at Resistance Zone.
snapshot
Note
wait for complete turn
Note
this is the place ...for U turn....keep safe....
SL hunt done for sellers...
Note
If the zone failed to push the price upside....fall till 2196-21920 levels...
lot of liquidity lies below it.
snapshot
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price is now at crucial resistance zone...if this break and retest will enter longside...
or
If price gives us any reversal will look for shhort side.
snapshot
Note
consolidation--break above resistance--no continuation look for sell
snapshot
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consolidation Downside manipulation chance keep safe.
snapshot
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IIT-Trader
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