So after our last post -Nifty : Brexit Gone - Now What Long
The market has risen by more than 8% - i.e Nifty. Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 and if it breaches this then the next stop 8400. Wave 5 of wave 3 in play - means complete wave 3 will be ending soon around life high for Nifty. Expecting this play to complete before the FED meet ( FCNR outflow specific to India only could also limit the upside ) !!