Hi Peeps,
Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late shorts be careful. One can look to short around 19900-20000 range (will update once A ends). All above analysis remains invalid above 20,222 (SL for shorts).
Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late shorts be careful. One can look to short around 19900-20000 range (will update once A ends). All above analysis remains invalid above 20,222 (SL for shorts).