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Running Flat pattern in Nifty. Next Impulsive Up move to begin with target of 14800+++

 Nifty in process of finishing  Running Flat pattern or already finished on Friday itself.

Running flat support at 14300-14270 zone. 

On completion, Impulsive Wave in Upside begins with a bang which can lift nifty towards 14800+ levels in coming sessions,

Majority of Stocks mostly in process of corrective patterns. 

on looking at various technical indicators and price patterns, a-b-c running flat pattern is most valid wave count and any time soon market rebound to higher levels. Majority of high beta stocks, index stocks are at the ending levels of corrective pattern. Hence, we can see decent and sharp rally to new highs in coming sessions.

Be stock specific.

Banknifty too in corrective pattern and can witness major buying interest in coming sessions.


Suryadev Bandari

Research Analyst

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