In the latest episode, we dissect a dramatic session in the Indian markets. Both Nifty and Bank Nifty opened with substantial gap-ups, only to rally briefly before sharply reversing and filling those gaps almost entirely. Nifty hit the resistance zone discussed in our prior video (25,350–25,425), peaking at 25,435 before falling back. We then saw corrective sideways action. In the video, we evaluate what this corrective phase means and what we anticipate next using Elliott Wave analysis.
Source: https://www.fxstreet.com/news/bull-trap-or-bear-trap-unraveling-nifty-bank-niftys-crash-via-elliott-wave-video-202601221756
