A big Nifty Crash looks imminent !!!The weekly chart structure of Nifty is dangerous. This is a sign of clear weakness.
Last week's candle is a pure bearish candle that has rejected the Yearly Pivot for 2025.
This means one thing - We are in all likelihood headed for a big crash!
The next logical support is around 21,100 level which I feel could also be taken out eventually and then we could see 18,550 zones.
This entire crash could play out within the next 2 - 3 months and hence, taking March or April PEs which are in the strike price of around 21,000 would be a good choice for option buyers.