NIFTY - High probability Correction ahead..!!!The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts
Important points of support will be,
SI - 22,665
SII - 22,535 to hold temporarily
SIII - 22,130 ~ 21,830
SL - Any higher moves beyond 23,750
PS: The correction has equally arguable alternate probabilities, to be exact 2.
1. The correction from 20MAR'23 (16,828 levels) - A LP Outcome
2. The Possibility of an extending triangle - meager probable outcome.
*The discussed outcome is highly probable among all these. However, the data from the market's forthcoming sessions are mandatory for confirming the same - to eradicate the alternatives!!!
Short positions can be taken from 23,690 ~ 23,700 levels
Trade Accordingly.
