Gift Nifty +300 points 📈
Crude Oil down 5% ⛽️
And suddenly everyone is ultra bullish again 👀
But my view is slightly different.
Markets move where maximum participants get trapped. Right now sentiment is turning aggressively bullish after one positive trigger, but technically I still don’t see confirmation for a sustainable uptrend yet.
As per my study, the current move can turn out to be a relief rally / short covering bounce before another major leg down.
My expectations for the next 7-10 trading sessions:
🔻 NIFTY → 22,600 zone
🔻 BANKNIFTY → 52,000 zone
Why I’m still cautious:
Only because of Elliott Wave
I can be completely wrong and market may continue higher, will gladly accept the SL if invalidated 🤝
Trade safe. Don’t follow emotions or headlines blindly.
#NIFTY #BANKNIFTY #StockMarket #Trading #ElliottWave #GiftNifty #Nifty50 #BankNiftyAnalysis #IndianStockMarket
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