Beginning of Bear Market !! 11000/10000 Next. 2020 - 2021
Hello Friends ,
Nifty Cash made high recently around 12292 . Last post i told it should go for 12400-600 level. Nifty making Ending Diagonal on Weekly chart, and Wolf wave also on daily.
Nifty seems to have completed Wave (iii)Yellow
(Monthly time Frame) .
Nifty has made high of 12292 with the end of Ending Diagonal on weekly time frame and wave i (Corrective wave) has started. The Confirmation of this top we will get on the end of this week 31 December.
A big phase of selling has started or about to start . This big impulse started from 1st February 2016
has ended on 31 December 2019 .
Nifty will show 11000 / 10000 level in next 1 - 1.5 year. Tomorrow i am expecting up move that would
complete wave ii , and later on Friday or Monday bear play may start.
(if it not confirmed at the end of the week) 2nd view : Further up side left. 10400...(in that case it can make a Diagonal rare chance)
But i think it has make the top. Bear market has begun.
With Regards,
Arun Khanna
Charts attached to this page :--
Nifty Chart : Weekly, Daily, 5 Hour, 1 Hour, 15 Minute .
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NIFTY WEEKLY CHART |
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NIFTY DAILY |
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NIFTY 5 HOUR |
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NIFTY 1 HOUR CHART |
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NIFTY 15 MIN. CHART |
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