Yesterday Nifty had two probabilities, one bullish view and other one bearish view
As Nifty failed to overlap with 5813 (as expected) and made new low, Ending diagonal probability ruled out and resulted in triple zigzag....
Nifty 12 min chart shows positive divergence between Y and Z....
Seeing Z wave alone in 1 min chart , it appears this down move (last fractal of Z.c) not ended...
So a small rise to overlap with 5674 but not above 5698 and then dip below 5647.95 likely...
I pre assumed Nifty doing expanded flat in B.b, so Nifty should not go below 5545 at worst case (though it wont do based on fractals appearing as of now)...
Sustaining Nifty above 5720 B.b might ended and B.c which should do min 5971+....
So tomorrow first half could be the end of this B.b wave and next week onwards B.C bullish view likely....
Note: Nifty should hold positive divergence in both 12 mins and 15 mins chart to conform above view in play...
As Nifty failed to overlap with 5813 (as expected) and made new low, Ending diagonal probability ruled out and resulted in triple zigzag....
Nifty 12 min chart shows positive divergence between Y and Z....
Seeing Z wave alone in 1 min chart , it appears this down move (last fractal of Z.c) not ended...
So a small rise to overlap with 5674 but not above 5698 and then dip below 5647.95 likely...
I pre assumed Nifty doing expanded flat in B.b, so Nifty should not go below 5545 at worst case (though it wont do based on fractals appearing as of now)...
Sustaining Nifty above 5720 B.b might ended and B.c which should do min 5971+....
So tomorrow first half could be the end of this B.b wave and next week onwards B.C bullish view likely....
Note: Nifty should hold positive divergence in both 12 mins and 15 mins chart to conform above view in play...
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