Update: Nifty should be able to go upto 8250-8280 levels based on intra-day movements today.
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"Kati Patang" / Devoid of Direction
This the best way to describe todays trading session inspite of > 250 points intra day movement!
Possibilities : a) Failed / truncated wave C ? New move down? b) Wave B still in progress? c) Inverted head & shoulder pattern? Most likely b) &/or c).. the market shall tell us tomorrow..