Good morning, friends. The global market is indicating a negative start. Structurally, the market is moderately bullish. It may start with a gap-down. If the market takes a sharp pullback after that, we can expect a continuation of the rally. On the other hand, if the initial market decline is sharp, it may reach 38%, which is a major support zone. The market...
The SGX nifty indicates a positive start. But today we have an important event and that is the Union Budget. It will start around 11 am. So most likely the market will act based on this phenomenon. There I prepared chart based on Elliott wave on hourly chart. It might work. But take your position a bit more carefully.
The global market indicates a slightly positive start. The market nature is moderately bearish. It may start with a gap-up. After that, if the market rejects sharply around 38 to 50% fib level, then we expect a correctional wave. On the other hand, if the pullback sustains around the key zones, it will go further with some consolidation.
The global market indicates a positive start. the market nature is slightly bullish. It may start with a gap-up. After that, if the market sustains, then it will go further. On the other hand, if the initial market decline sharply, then it will take the range-bound market to correction.