Nifty 50 update- The broadening wedge.

This is not a good sign for the bulls, if the pattern is completed today, then we may see 10860/10900 levels soon. If we look at the chart, it pushed from the major support filling the gap and closed near 10780. If this is start of an impulse then bears will take the grip soon, assuming its 'wave a' then completion of 'wave b' can be in 10860/900 level. From the said level it can fall below 10750 and 10690. Please be cautious at the said level.

Thank you.

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Please check the other side of the coin.

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Couldn't hold 740 level, expecting to again move towards the gap and touch near 10740, will see there what can be the next move.