NIFTY

Big picture

NIFTY has completed a strong up-move and is now near a major top / distribution zone.

The chart suggests:
short-term topping → medium-term correction → long-term bullish continuation.

So this is not a crash view, but a healthy correction before the next big rise.

Left side (past structure)

Earlier waves (Y) and (A-B-C) show a completed corrective phase.

A strong rally followed from the large demand zone (grey area).

This confirms institutional buying from lower levels.

Middle section (trend change confirmation)

CHOCH (Change of Character) appears:

Market behavior shifts

Momentum slows

Smart money starts distributing

Price still makes higher highs, but strength is reducing.

Right side (current situation – very important)
🔴 Distribution near the top

BC (Buying Climax) → last aggressive buying

ST as UT (Secondary Test as Upthrust) → price revisits highs but fails

UTAD (Upthrust After Distribution):

Fake breakout above resistance

Traps late buyers

This is a classic Wyckoff distribution pattern.

The vertical line (timing)

Marked as “W.D. Gann reversal date”

This suggests a time-based reversal, not just price-based.

Around this date, trend direction is expected to change.

Expected move (black path)

Small pullback → bounce (to trap buyers)

Breakdown after CHOCH

Sharp fall into the DEMAND ZONE (22,000–23,500 area approx.)

Completion of corrective wave (C) / (X)

Demand Zone (grey box)

This is where:

Big money previously bought

Strong support exists

Expected to act as a major bottom for the correction.

After the correction (red arrow)

Once price stabilizes in the demand zone:

Strong bullish reversal expected

Start of a new impulsive uptrend

Target shows new all-time highs over the coming months.

Simple summary (no jargon)

📈 Market has gone up a lot

⚠️ Now topping and trapping late buyers

📉 Expect a deep but controlled correction

🧠 Smart money likely buys again at lower levels

🚀 Bigger rally comes after the correction

In one line:

Short-term bearish, medium-term corrective, long-term bullish.