NIFTYNifty 50 IndexNSE_DLY:NIFTYFin_free_figtBig picture NIFTY has completed a strong up-move and is now near a major top / distribution zone. The chart suggests: short-term topping → medium-term correction → long-term bullish continuation. So this is not a crash view, but a healthy correction before the next big rise. Left side (past structure) Earlier waves (Y) and (A-B-C) show a completed corrective phase. A strong rally followed from the large demand zone (grey area). This confirms institutional buying from lower levels. Middle section (trend change confirmation) CHOCH (Change of Character) appears: Market behavior shifts Momentum slows Smart money starts distributing Price still makes higher highs, but strength is reducing. Right side (current situation – very important) 🔴 Distribution near the top BC (Buying Climax) → last aggressive buying ST as UT (Secondary Test as Upthrust) → price revisits highs but fails UTAD (Upthrust After Distribution): Fake breakout above resistance Traps late buyers This is a classic Wyckoff distribution pattern. The vertical line (timing) Marked as “W.D. Gann reversal date” This suggests a time-based reversal, not just price-based. Around this date, trend direction is expected to change. Expected move (black path) Small pullback → bounce (to trap buyers) Breakdown after CHOCH Sharp fall into the DEMAND ZONE (22,000–23,500 area approx.) Completion of corrective wave (C) / (X) Demand Zone (grey box) This is where: Big money previously bought Strong support exists Expected to act as a major bottom for the correction. After the correction (red arrow) Once price stabilizes in the demand zone: Strong bullish reversal expected Start of a new impulsive uptrend Target shows new all-time highs over the coming months. Simple summary (no jargon) 📈 Market has gone up a lot ⚠️ Now topping and trapping late buyers 📉 Expect a deep but controlled correction 🧠 Smart money likely buys again at lower levels 🚀 Bigger rally comes after the correction In one line: Short-term bearish, medium-term corrective, long-term bullish.