#nifty cmp 15750. recent fall from 16784 to today's low 15735 appears to be corrective as inner waves are overlapping on each other. Hence, this can be probably wave b of flat pattern, wave c of flat can bounce towards 16400-600 zone. provided, nifty must hold 15730-700 zone on closing basis. Close below 15700 would mean that, more downside targets open in coming sessions. Hence, 15700 acts as laxman rekha for Bulls and Bears. regards,
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