Today Nifty gap down move and didn't filled throughout the day completely has created impulse lables getting weightage more and also during the up move it didn't overlapped (5749.7 & 5739.45)...which confirms option b in play.... if 5749.7 overlapped by somehow then option a ruled out....
But alternatively if today down move is expanded flat so keeping option a as alternative... If option a is in play Nifty need to overlap at 5749.7 which is must...
Now 15mins chart macd has probability to give positive divergence when nifty dips below todays low 5663.60... So next downmove could be the end of this C.iii (if impulse) and C.y.c (if corrective)
If option a in play, Nifty has potential to fall upto 5530....
If option b in play, Nifty has potential to raise upto 5670...
counts as follows
a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5769.90 106.30
But alternatively if today down move is expanded flat so keeping option a as alternative... If option a is in play Nifty need to overlap at 5749.7 which is must...
Now 15mins chart macd has probability to give positive divergence when nifty dips below todays low 5663.60... So next downmove could be the end of this C.iii (if impulse) and C.y.c (if corrective)
If option a in play, Nifty has potential to fall upto 5530....
If option b in play, Nifty has potential to raise upto 5670...
counts as follows
a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5769.90 106.30
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