In the last two trading days after trading down towards 9100 levels, today morning, Nifty 50 has rebounded to trade above 9300 levels. We need to see today's close and review, if the NIFTY 50 moves back into a trading range, with lower boundary around 9100 levels.
INDIA VIX which had jumped earlier, has started declining in line with S&P VIX and we need to watch...
There is very good buying setup in Adani power. Whole corrective structure is part of weekly chart. you can expect pretty good r:r in this. there is already buying entry at lower time frame.
Good luck & stay safe//
Nifty Recession Chart Bear Market Layout - Elliot Wave
Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession.
Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to...
SENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000...