Nifty, until keeps below 10850-875, likely to fall towards 10550-600 cluster zone..

Prices have closed below 10Dsma-10973 & 50Dsma-11436. In the current scenario, only 1 possibility exists:- 

  1. Prices continue to be in a corrective mode after the last rise from 10005 – 12103. Current fall is for the last fall from 11147 should limit below 11045. The (5)th is underway from @ 11147 until keeps below 10850-875. Remember this: the minor waves done & more falls unfolds towards 10550-600 cluster zone unless prices breach 10850-875)

(5)th wave has 5 sub-waves starting from 11147. It’s 3rd is “almost” done @ 10718; if keeps above 11700, the 4th could take it up to be followed by a new low. There is a threat of deep fall if the above scenario does not play out; hence, watch the last fall retrace, last high being 10873.

10850-10875 would be a critical zone in the ST for the continuation of this fall.

Nifty: ST direction is “Down” with price closing below all “HEmas”and below all “LEmas”

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Breaking 10990, downtrend has commenced & would continue till below it.

Prices have closed below 10Dsma-10994 & 50Dsma-11460. In the current scenario, only 1 possibility exists:- 

  1. Prices continue to be in a corrective mode after the last rise from 10005 – 12103. Current fall is for the last fall from 11147 should limit below 11045. The (4)th is done @ 11147 unless it moves past 10985. Remember this: the minor waves done & more falls ahead unless prices breach 11045)

Prices paused @ 10783 , rallied to 200DSma(11181) & breaking 10990, the fall has started; keeping below 10985, the downtrend would continue.

10980-10990 would be a critical zone in the ST for the continuation of this fall.

Nifty: ST direction is “Down” with price closing below all “HEmas”and below all “LEmas”

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Nifty took trendline support 5 times, making it more impt. in ST -10985, a decisive no.

Prices have closed above 10Dsma-10988 & below 50Dsma-11480. In the current scenario, only 1 possibility exists:- 

  1. Prices continue to be in a corrective mode after the last rise from 10005 – 12103. Current consolidation/ rally is for the last fall from 11707 should limit below 11245. The (4)th almost done @ 11147 unless it moves past 11085. Remember this: these are likely minor waves & more falls ahead unless prices breach 11311)

Prices paused @ 10783 , rallied to 200DSma(11181) & holding 10990, the rally could continue; keeping below 11085, the downtrend would return.

10980-10990 would be a critical zone in the ST for the continuation of this rally.

Nifty: ST direction is “Sideways” with price closing below all “HEmas”and above all “LEmas”

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