The correction for the impulsive move from 11184 to 11493 has commenced ... However the same is not complete yet ... Expecting the same to continue on 14 Sep and hence my view for near term would be bearish ... Friday Nifty took support from 11430 level .... Expecting the same to be broken on Monday ... I would be cautious in taking long positions till a clearer picture emerges .. Support levels have been marked on the chart.
Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments
Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments