(Nifty 50 positional analysis)
Now the market going to correctional wave 'B"
Scanning the wave 'B'
and its subwave 'C' is progress..
Its min tgt levels (12338 to 12454)
and additionally there is forming ( butterfly pattern )
its tgt levels 12536 to 12652)..
once the market will break the previous low (11908)
go for sell
Trend affecting factors:
--Moody's cut India's FY20 growth forecast to 5.4 percent (from 6.6 percent earlier), which also hit sentiments.
--Coronavirus has infected over 78,000 people globally.
Now the market going to correctional wave 'B"
Scanning the wave 'B'
and its subwave 'C' is progress..
Its min tgt levels (12338 to 12454)
and additionally there is forming ( butterfly pattern )
its tgt levels 12536 to 12652)..
once the market will break the previous low (11908)
go for sell
Trend affecting factors:
--Moody's cut India's FY20 growth forecast to 5.4 percent (from 6.6 percent earlier), which also hit sentiments.
--Coronavirus has infected over 78,000 people globally.