First of all let me cleat that the view is completely for educational purpose.
My view can always go wrong. Just take my ideas as a learning, don't trade...better just observe.
I am sharing Nifty chart on 2 Day time frame.
My view is that we still have some downside pending as per what I can see on the charts.
Charts been shared with you..as always I am using XABCD Pattern here.
To get this XABCD activated we have to first wait for nifty to start trading below 17200-17166 levels.
This is the most important part because otherwise the whole idea and this XABCD will not be considered activated.
Second important level is 16750.
If Nifty slips below 16750 then the final destination will be 16200-250-300.
At this point of time SGX and other world market is trading positive..but I still believe that tomorrow will have a gap down opening.
This is only on basis of my knowledge and belief...Trust your knowledge.
Happy dashera to all.