$nifty50 thoughts

123
Hi ,

Plan B activated with us loosing the low and no reaction towards the end of day

the dotted line 22417 is our next zone of interest

Dollar index is bouncing from its 200 ema on the daily so should put some pressure here as well .107.296 reaction is key

either way pain for a few weeks more then we rally back like china did

20th sep 2020 was the last time we tagged the 200 ema on D3 and pretty close to it now so keep the faith ;)

rsi looks to be bottoming so give it a few days and lets see what we get..

hopium is we did make some levels here from feb to may in 2024 unlike the rally we had from the breakout there



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reaction here pls..
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capitulation done??
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monthly closed above yellow line ..
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yellow line new resistance and step 1 to close above
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2 more levels for acceleration
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monday liquidity ... would like the downside to be taken first lets see what we get
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downside taken now we go take the one above then the key one at 23K ..

getting close to the end of the pennant

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