Nifty 50 analysis for 18 Sep

١٧ سبتمبر ٢٠٢٠

Nifty opened gap down today and as posted yesterday, after an initial rally, Nifty continued correcting as part of lower degree wave (b) of higher degree Wave B ... However, as per the fib retracements marked on the chart, it appears that the correction isn't complete yet ... Hence view for tomorrow continues to be bearish ... 11420 being a strong support zone, expecting Nifty to bounce back from there.
Note - Views are personal and meant for educational purpose only, not for trading any instrument