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NIFTY - Bearish Market View

Short
NSE:NIFTY   Nifty 50 Index
The idea is based on the Elliott Wave Theory. The current upward momentum is very low and the price is moving in a corrective structure. A downward move is likely from the current resistance zone (or a possible likely scenario with 61.8 fib correction).
A move over 18480 invalidates this idea.
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