Hi Friends! Good Morning!
> Nifty PCR Below 1. OI support @14500 & resistance @15000
> Major global index are down in Europe and US.
> In the afternoon when Europe opens we may fall with them.
> OI data reveals that sentiment is negative in our market.
> But our trendline worked as support for multiple times. It can work this time also. In that case nifty...
We see 5 Wave Upward impulse is complete and therefore now starts the Correction;
We have verified the Wave 5 which confirms the completion of the Upward 5 Wave Impulse; we see Wave A and B which we will verify in the Lower Degrees to understand the current Correction structure...
The effect of 8300 being taken out was clearly witnessed today. A gap up followed by a very strong close has placed Bulls back in a comfortable zone. Technically looking at the ichimoku cloud, we can observe two important levels that could happen: Cloud boundary around 8400 (senko B) could act as a tough resistance for the Bulls for the day along...