Hi
Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days.
One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down.
Best of Luck.....!!!
Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days.
One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down.
Best of Luck.....!!!