What do I see on Nifty?
The correction in the index seems to be over for a time being, the current upside ( Wave 1) can go till 17,650, which is followed by a pullback close to 17,200 to 17,250 region.
That's where we can go break long and the target will be given once the WAVE 1 & 2 gets completed.
The next sell-off / pullback on the index is the opportunity to go along with an SL of 16,891.
Regards,
SG
The correction in the index seems to be over for a time being, the current upside ( Wave 1) can go till 17,650, which is followed by a pullback close to 17,200 to 17,250 region.
That's where we can go break long and the target will be given once the WAVE 1 & 2 gets completed.
The next sell-off / pullback on the index is the opportunity to go along with an SL of 16,891.
Regards,
SG
