TradingSutra

NIFTY : ZIGZAG CORRECTION AHEAD

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NSE:NIFTY   니프티 50 인덱스
After a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL.
Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move.
As per the current structure , we can assume it is going to have a zigzag correction.

Trading Strategy:

Sell in the range of 11600-11700 keeping stop loss of 11810 for the target zone of 11200/11090/10900
코멘트:
third wave , still have room on downside , but after a slight recovery as wave 4
코멘트:
the move can extend to 10850
거래청산: 타겟 닿음

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
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