SP500 / US500 has been all messy & choppy -if upside rally stops in 3450-3475 then we expect down move with initial halt close to 3300 level & dropping further can take it to 2935-2950 ------------------------------------------------------------------------------------------------------------------------- NASDAQ 100 - Head & Shoulder at the top-12440 High (Bearish Outlook) ----------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------- India Nifty Market Commentary ----------------------------------------- India Nifty was struggling to move above 11900 post-gap-up move & whole of the session was all up before dropping sharply in last hour might be showing its intension that domestic & global markets all may get ready for a move towards south.
India Nifty has moved up recently as X-Wave (10790 to 11905) -looks like an irregular correction & could be heading down in Wave-Y if holds below 11870/11880 zone
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