I have been maintaining the fractals within the triangle since 3147. A bit of a stretch happened in the "C" leg due to overseas weakness. Now with strong positive cues, we should head into the "D" wave (Aided by the oversold daily & the +ve div.of hourly).
Markets always stretches you by a day or two but eventually market action will turn in your favour if you persists.
Let us see whether the fractals will repeat the "B" in this "D" leg. Make your trading adjustments, if the path chosen by the markets is different from your expectations.
Today's Pivot is at 2576 with R1-2596 and R2 2620.
Trading above R2 will indicate change of momentum in the short term provided Nifty stays above the R1 @ 2596. Closing above 2616 will change the daily into a buy mode.
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