📉SHORT MARKET REPORT📈
Extreme volatility and a resultant sideways market is what happened today. We are in the second micro wave of the major wave C. In other words you can say we are forming another bear flag. You can expect the market to rise until 17800 after which you will see the third micro wave which is a down wave. 17600 -17800 is the range where the up wars rally should stop. once we break 17250 on the down side that third wave will start that third wave. Now, that's a boring market report as I have been repeating the same thing.
In case we sustain above 17800 level... it would totally negate the on going correction and nifty would be back into a bull market.
Option data suggests that 17000 would be an immense support. But don't believe option sellers' conviction now. A lot of them are bleeding money.
Extreme volatility and a resultant sideways market is what happened today. We are in the second micro wave of the major wave C. In other words you can say we are forming another bear flag. You can expect the market to rise until 17800 after which you will see the third micro wave which is a down wave. 17600 -17800 is the range where the up wars rally should stop. once we break 17250 on the down side that third wave will start that third wave. Now, that's a boring market report as I have been repeating the same thing.
In case we sustain above 17800 level... it would totally negate the on going correction and nifty would be back into a bull market.
Option data suggests that 17000 would be an immense support. But don't believe option sellers' conviction now. A lot of them are bleeding money.