S&P CNX NIFTY INDEX FUTURES forum
Why the occurrence?
The triangles are possible when the market moved too far too fast + before one last move in the sequence, too!!!
In our case, we had some serious long term trend resistances in the areas of 25100 ~ 25200 in addition to the above said factors.
If I'm right here - there are 2 significant takeaways,
1. There is a final upward move remaining in the sequence that can emanate from where the E wave ends & can go up by 750 ~ 770 pts.
2. Following which the market will return to correction in monthly time frame(NO ALL TIME HIGHS are expected out of this final move).

The real question is will there be a fall before the said one higher leg?
TBH, i see a probability of 60-40 & inclined to having a correction before any new high.
Let's see what story market has to tell!

Hey Bhaveshavaani
NIFTYK2025 has weekly res at 25.7K, though not on June . Both Nifty and GIFT May are facing resistance around that level. With the monthly close approaching, things are getting interesting — a trade deal is in progress, and Trump is applying pressure with remarks like “Tim, build in America, not in India,” and “India can take care of themselves.”

As of 3 AM IST today,
NIFTYK2025 below 24,200 — and what a bounce we’ve seen since! Clearly, the operators and institutions are active; you know the drill. That’s exactly why I mentioned in yesterday’s post that buying insurance for today made sense if the mid-level support was broken.
NIFTY
BANKNIFTY
This is a good setup with High R_R
MAX risk only 200pts away.
