The Nifty Future, in the daily chart, appears to be in Wave ‘B’ advance of the flat correction which is its final leg or complete. It has lost its momentum on the upside and is poised for a decline to 10335 which will be the wave ‘C’ of the flat correction. I expect the Wave ‘C’ decline of the flat correction to start very soon.
The Day traders can sell it below 10785 with a stop loss of 10811 for the target of 10726 and 10792.
The positional traders can maintain the short position with a stop loss of 10876 for the target of 10335.
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