Nifty Spot Update

Broken Monthly Pivot (10868) Nifty Spot and Support zone is (10550-10600) only.  It is likely that higher level c-leg has ended and we have entered into 30 day correction.  Final confirmation will be retracement of 10666.75 within Tuesday or Wednesday first half.

Nifty Spot intraday update

Likely f-leg down of higher level c-leg is in it's 4th day today and may be 2 more days to go unless 10666.75 is fully retraced in faster time (within next 3 days)  then we would conclude higher level c-leg as over. So from Monday / Tuesday Nifty may move up towards the old highes as the g-leg inside higher level c-leg for 6 days or so.  Thereafter a month of correction (Time and / or Price) due !  We have to wait and watch.  Situation is highly balanced!