What Nifty has been witnessing since 27 Aug is a correction and the same continued today as well ... Hopefully expecting the correction to complete tomorrow ... Presently, my overall view on Nifty is bullish ... The zone of 11530-40 is critical and Nifty took resistance from there today ... Expecting market to open Gap Up tomorrow, probably at the zone itself ... Expecting tomorrow to be range bound day with Nifty probably rallying till 11610-11620 levels, taking resistance and finally settling down at 11540 levels .. In case of high volatility, one might also witness the first leg of the next motive wave from 11540 levels post completion of correction.
Note - Views expressed are purely personal and solely intended for educational purposes only. Same may not be used for trading instruments .
Note - Views expressed are purely personal and solely intended for educational purposes only. Same may not be used for trading instruments .