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After completing the super cycle W5, Nifty entered into what could possibly be a correction (or a bear market?) in text-book style leading diagonal pattern(Wave 1). Currently its either approaching end of Wave 2 or already just completed W2. Expect Wave 3 to be nasty and swift and deep.
Target Date: Likely by mid to end of June
Target correction: 10 to 20%.
Target Date: Likely by mid to end of June
Target correction: 10 to 20%.
Trade active:
Wave 2 is now completed. If the call is correct, we should start seeing sizeable moves to the downside now. The first one will be a relatively controlled w1/wA.