NIFTY @ 24914 ALTERNATIVE-3
As per this alternative the entire rally from low of 21740 till 25680 was a bear rally counter trend as wave X and now from high of 25680 we are in middle of wave Y down trend. If NIFTY STARTS GIVING CONTINUES 1 TO 2 WEEKS CLOSE BELOW 23950 SPOT LEVELS then risk of this alternative gets open.
And if this alternative is active then once again nifty can retest 21740 to 21500 and anywhere from here next bull cycle may start.
As per this alternative the entire rally from low of 21740 till 25680 was a bear rally counter trend as wave X and now from high of 25680 we are in middle of wave Y down trend. If NIFTY STARTS GIVING CONTINUES 1 TO 2 WEEKS CLOSE BELOW 23950 SPOT LEVELS then risk of this alternative gets open.
And if this alternative is active then once again nifty can retest 21740 to 21500 and anywhere from here next bull cycle may start.
