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
@THESTAGRAMEEZ I'm still bullish monday nifty max 150 to 200 points gap up hoga,then 24000 ki taraf jaane ki try karega,monday sl book kar lena sab apna jisne sensex nifty short kiya hoga, abhi kuch din shorts avoid kare please.
@THESTAGRAMEEZ Trump is now scared to attack iran,ab wo bas ceasefire extend karta rahega,or aise hi market ko manipulate karte rahenge,kabhi crude gira denge or fir badha denge.
@THESTAGRAMEEZ Still bullish,unless market break some certain levels downside,many people now days showing weekend nifty 700 to 800 points negative,but I don't trust them,