US500- Will it drop & help India Nifty for Wave-Y? Down

8. Okt. 2020

SP500 / US500 has been all messy & choppy -if upside rally stops in 3450-3475 then we expect down move with initial halt close to 3300 level & dropping further can take it to 2935-2950
-------------------------------------------------------------------------------------------------------------------------
NASDAQ 100 - Head & Shoulder at the top-12440 High (Bearish Outlook)
----------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
MCX Gold - Triangle Evolved into Ending Diagonal (Possible Scenario)
----------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------------------
India Nifty Market Commentary
-----------------------------------------
India Nifty was struggling to move above 11900 post-gap-up move & whole of the session was all up before dropping sharply in last hour might be showing its intension that domestic & global markets all may get ready for a move towards south.

India Nifty has moved up recently as X-Wave (10790 to 11905) -looks like an irregular correction & could be heading down in Wave-Y if holds below 11870/11880 zone

India Nifty -Last Idea Published