#nifty directions and levels for JAN 25

24 thg 1, 2024

#Nifty
"Nifty has experienced a solid pullback after the ABC correction. If the market opens with a gap-up, we can structurally consider it as a sub-wave 3rd continuation, suggesting a potential rally with minor corrections.

Alternatively, if the market opens with a gap-down or rejects around the immediate resistance level, we can consider it a diagonal variation. Both structures are essentially similar, but the momentum will shift from one to the other.