On going rally is strong and not going to stop here.
it appears 3 rd wave is in progress.
prior to it there was nine wave up move constituting wave 1
and pull back was wave 2.
and recent rally is wave 3.
Some pull backs are part of up moves.
two to three months back I had anticipated this up move
which is on record.
I have strong logics to believe that this move of bank nifty should surpass 50000.
I had anticipated that not now but three months back.
Fed minutes in US ahead
so some reactins in US market may affect our market too.
India has become favourble destination for investment purpose
with China economy shrinking and in US still no escape from rate hike.
it appears 3 rd wave is in progress.
prior to it there was nine wave up move constituting wave 1
and pull back was wave 2.
and recent rally is wave 3.
Some pull backs are part of up moves.
two to three months back I had anticipated this up move
which is on record.
I have strong logics to believe that this move of bank nifty should surpass 50000.
I had anticipated that not now but three months back.
Fed minutes in US ahead
so some reactins in US market may affect our market too.
India has become favourble destination for investment purpose
with China economy shrinking and in US still no escape from rate hike.
Comment:
this is on record too.
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and high was 45655.