Fed Put : Fed has just dragged it's feet on Rate Hikes and on Balance sheet reduction program. So FED has now placed a fed put which is bullish for stock markets across the world.
EW Count : Either Nifty is in wave 5 or in wave B.
Nifty lvl : Long above 11000 on Weekly Short below 10700 on Weekly
For the time being be Neutral to Bullish on Nifty & Bank Nifty after the FED put and also a pre election rally to life highs is also possible in coming 2-3 months.
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We are changing our stance from Neutral to Bullish on Nifty & BN !!
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We are changing our stance from Bullish to Bearish on Nifty & BN as Nifty unable to close above 11000 on Weekly !! And BN was already showing divergence signs !!