The nifty future decline from the top at 11185.7 to the low at 10880.7 made yesterday appears to be a 3-wave decline in 60-min chart where wave C=1.382*wave A.
The day traders can buy it above 11043 with a stop loss of 10994 for the target of 11140 and sell it below 10990 with a stop loss of 11030 for the target of 10909 and 10782.
The positional traders should wait for some time for confirmation of trend to initiate a fresh position.
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