sujit4mechanical
Education

NIFTY short recovery

NSE:NIFTY   Nifty 50 Index
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Nifty may short recover till 10850-10950 level.
Again downtrend will start.
Good work Keep it up. Alt view - wave 4 may end at your 23.60% level i.e 10521 or thereabout upto 10540-50
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@ShanTrader, I believe the quarter results will help Nifty to trend upward.
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ShanTrader sujit4mechanical
@sujit4mechanical, Yes ideally it should. And if so, possibly it may rise to your 38.2 % levels upto 10840-50 in the gap area. However, nearer term looking at pullback to 10300 and then to mentioned gap zone. But can never say, good stocks are getting beaten up after results and markets will always do the opposite of what we are expecting :-)
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@ShanTrader, Yes. Bluechip companies are in the correction phase, so any news will show them down direction.
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Yeah..waiting for the right shoulder to form
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@Lucifer759, Most possibly it will.
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