Use the dips to buy

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Nifty Small Cap 50- 8479

An eye on the small and mid cap Index is always good to gauge the overall heath of the markets.

Elliott - The 5th impulse wave has started and will move all the way to 11500. This is a good 35% from current levels. This correction should get over here or around the 8K zone which is 50% fib retracement.

Conclusion -Post this correction the 3rd wave of 5 will start. We all know how strong the 3rd waves are, hence use the dips as an opportunity to buy quality stocks.

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