NIFTY SPOT VIEW-14TH MARCH 2024

Well Nifty made a top around my given date on 11th March 2024 and a sharp fall happened into the market, and the bearish Wolfe Wave get confirmed by price action. The bearish Wolfe Wave is a rare happening price pattern. I will be very cautious to take my trading decision while I go for long at present price formation. Next few trading session will decide the pattern strength.

For further up move the major hurdle is now recent life time high and for further downside 21850 and 21500 would be the important level.

Watch for change in trend for this month around 4th,6th,(9th to 10th),(17th to 19th),21st,24th and 28th March 2024.

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