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NIFTY:- Curvature Markets, Diagonal Views!
Nifty 50 Index NSE:NIFTY
sreebhashyam
Third phase of voting over, whispers, Satta markets, headlines, forwarding views, diagonal interpretations, everyone jumping their own narrative, hopes getting to fears, fears turning to dreams, each one building his own castle.
However, market has only to unfold one story. That story is never a sudden, it is woven.
What is that one has to look deeper now and deeper than kind of an understanding. Ours go here. All the below are election season years.
2009 B of larger degree Wave 4
2014 Start of larger degree wave 5
2019 Sub wave 2 of the larger degree wave 6
2024 Near or almost about the end of wave 5 of larger degree, how near or close is to be seen.
Attached is the 15 min graph, no wonder diagonal shape diagonal views, rounding top, circular forwards.
Not suggesting anything here, those who expecting sharp up move need to do nothing, those who fear the steeper fall to protect needs something 21700 puts is the one option.
Within the diagonal ended the five waves, so it can be any time. Markets tumble and almost close near the lows. The recent fall if correct labelling in 3 minor degree wave which has room towards the 22150 area. finally, 21900.
Sell anything with 22430 stops looks apt for now.
Supports 22280-22230-22180-22135
Supply 22330-22380-22435
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