Nifty is in correction mode and we think this will continue the whole month. An immediate bounce may be to levels of 11600 - 11700 and then again to levels of 11300.
We still think wave A has been done and wave B is about to start !!
We still think wave A has been done and wave B is about to start !!
Trade active
Nifty moving in Wave B unless it breaks life high !!Nothing much over the week as Nifty looks set for a consolidation -- 11600 - 11700 & FED meet next week !!
Order cancelled
Nifty has given up with USDINR & Crude Oil moving on upside !!Looks like 11160 ahead tomorrow -- best to sit out as Nifty is consolidating and it is getting difficult to trade !!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.