NIFTY... KEEP INVESTING...
Guys... I am sharing my view on the Elliot waves in Nifty.
The bullish pattern is intact.
We are currently in the 3rd primary wave. Of the five intermediate waves in the primary wave 3, nifty is right now in wave (4) correction.
A quick and rapid wave (5) is likely to start at the end of wave 4. Though Nifty is at 200 EMA right now, I feel the strong support zone is around 22700 levels.
I won't be surprised if Nifty can fall around 800 points from here.
Keep investing in parts and add more when Nifty goes below 23000.
The market is always right..! Trade with appropriate stop-loss.
The bullish pattern is intact.
We are currently in the 3rd primary wave. Of the five intermediate waves in the primary wave 3, nifty is right now in wave (4) correction.
A quick and rapid wave (5) is likely to start at the end of wave 4. Though Nifty is at 200 EMA right now, I feel the strong support zone is around 22700 levels.
I won't be surprised if Nifty can fall around 800 points from here.
Keep investing in parts and add more when Nifty goes below 23000.
The market is always right..! Trade with appropriate stop-loss.
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