AnbHfund

Nifty : Panic Selling : Will it turn out to be like Brexit event

Long
NSE:NIFTY   Nifty 50 Index
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Last Post :
Nifty -1.76% after touching high of 8960 has now entered into correction mode !!
So wave 5 ends of Wave 3 of Wave 3 !!
Expect this correction to complete either at 8550 ( Less chances ) or at 8700 levels !!
Wait till the FED meet this month -- Once FED goes with no rate hike -- Expect markets to touch life highs !!


So Now we are at 8600 -- Should you buy -- yes - the best opportunity to go long !!
Huge Buying cash figures !! If this continues market might repeat of what happened after brexit !!

No major breakdown !! abc correction of wave 4 of wave 3 gets over at 8550-8600 !!
Expecting gap ups from now onwards till Nifty reaches Life high !!
Oct 4 - RBI meet -- .25 will be priced in and if 50 bps rate cut happens that would boost markets !!

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Good Analysis!!! Thanks
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