Friday, 25 October 2024

NIFTY ANALYSIS: BIGGER PICTURE: BULL or BEAR? 25-OCT-2024

 Primary View: Bullish

As per my view, normal target (wave 4 alternation) for this down move 24100-24046-24000 (made low 24073 till now).

If so, we will see big reversal in the coming months NOV-JAN 2025. We can expect bigger correction between Jan-Mar 2025 which will be bigger than this correction.

UPSIDE TARGETS: 26255, 28807, 33100, 34700, 37000 (NOTE: LONG TERM)


Alternate View: Bearish

As long as 24600 resists, we can see further decline towards 23970-23820-23650 (ultimate target would be 23650-23270).

DOWNSIDE TARGETS: 23970-23820-23650 (ultimate target would be 23650-23270).




PRIMARY: BULL



ALT: BEAR







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