NIFTY1! Recently, markets are relentless acting the most unexpected.
Amid all the escalations & uncertainty, the markets continue to rise.
All the news jitters seems to be invaluable & our belief on technical methods are upheld,
I personally believe that there might be some more of the upside left to cover before the market sees any correction. As long as the 24,900 holds, the said uptrend is in force. RI - 25,3010 RII - 25,700
NIFTY1! There is this possibility of a symmetric triangle in GIFT.
Why the occurrence? The triangles are possible when the market moved too far too fast + before one last move in the sequence, too!!!
In our case, we had some serious long term trend resistances in the areas of 25100 ~ 25200 in addition to the above said factors.
If I'm right here - there are 2 significant takeaways, 1. There is a final upward move remaining in the sequence that can emanate from where the E wave ends & can go up by 750 ~ 770 pts. 2. Following which the market will return to correction in monthly time frame(NO ALL TIME HIGHS are expected out of this final move).
NIFTYM2025 I expect one final higher leg testing 25,500 levels before any monthly correction onset. The real question is will there be a fall before the said one higher leg?
TBH, i see a probability of 60-40 & inclined to having a correction before any new high.
NIFTY1! Recently, markets are relentless acting the most unexpected.
