Nifty Future for June 12 - Do We have a Reversal?

The behavior of the Nifty from the afternoon of the June 10, where it recovered about 100 pts from the day's low, and today, June 11, is: Has the days of downtrend reversed?

For this, let us examine two different software, each of which shows two different counts of waves. On studying these two counts, we ask whether they both differ, and which one is telling the truth.

My opinion is that as a matter of fact, both counts are telling the same story. The chart on the left is in continuation of the chart posted yesterday. Not much has changed since yesterday. The targets are almost remains the same. Moreover, it shows downtrends on all counts of waves.

The chart on the right may differ, on the count of waves, but it too tells the same story, that more downside is left . The buying zone predicted by this software is around 4180 to 4240, which confirms the targets given in the previous posts.

This is the time to stay away and not to adventure going long unless the indicators confirm the reversal. One or two upward bounces do not make a reversal.