SolomonsView

#NIFTY change in outlook

Long
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
While I expected a wave B correction over the last few days, it seemed to be more of a triangle Wave 4 structure. What this means is that we are now looking at a 5 wave upmove. So the move down since the Aug end high is most likely A_B_C correction. WE should expect further upside post a wave 2 correction. Reliance should be a key contributor to the next upside leg

Michael @ SolomonsView

Twitter - @SolomonsView
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