NIFTY... EXPECTING AT LEAST A 600 POINT CORRECTION
The top is getting heavy for both nifty and bank nifty.
US inflation data, Indian inflation data, TCS, Infosys, Wipro results. Too hot to handle. Vix above 17.
Technically 5th wave of Elliot getting completed.
Can short nifty with a stop loss of 18400. (Risk reward 1: 3.5)
Targets mentioned are for the next few weeks.
Profit booking in IT and banking stocks can wipe out the entire rally made.
US inflation data, Indian inflation data, TCS, Infosys, Wipro results. Too hot to handle. Vix above 17.
Technically 5th wave of Elliot getting completed.
Can short nifty with a stop loss of 18400. (Risk reward 1: 3.5)
Targets mentioned are for the next few weeks.
Profit booking in IT and banking stocks can wipe out the entire rally made.
Trade stängt: målet nått:
That was a 650 points fall!