Eliotte wave analysis for SGX nifty
Be cautious when everyone is negative market behaves in opposite.
As per the chart wave 4 is corrected with a . took support in 8800 level. looks like wave five is started and its clearly shows not much down side fall. Wave 4 is corrected 50% of wave 3 which is the 8800.
9000 will be the next support key .
Nifty is so week. Crucial support is 9000 and followed by 8800. if these 2 broken again a huge selling will start.