NIFTY : A 5%-6% correction from Higher Levels

251
NIFTY

its s Weekly Chart.

26,515 | 26,786

  • These are the two levels to watch out when the market is showing upside momentum.
  • These are extensions of the previous upswing.
  • These are the most prominent levels for Wolfe Wave that is forming currently.
  • The open of the Calendar Year 2026 being 26,173. This must be respected by the Bulls (+/- 0.5%)
  • for continuation of the up-move till above mentioned two levels.
  • Any weakness around any of these two levels (26,515 | 26,786) will trigger Wolfe Wave and the down-side targets are 5% and 6% deep (As mentioned on the chart).
  • Use price action and SMC while trading around these levels. Macro-economics and Geo-economics (Geo-politics) are quite vulnerable and may surprise both Bulls and Bears.
  • FII Liquidity is moving towards lower PE regimes and metals are their center point for now. Expect more sectorial churn on a Weekly/Monthly basis.



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