NSE:NIFTY   Index of the 50 listed India companies
Nifty             along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market.

Reversal going to happen on 8100 to 8150 region.
you seem to be bang on as far as your analysis is concerned till date.... good work
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Now spot nifty is nearing resistance of 7990, what are your views on Nifty?
is correction is over?
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tdurai84 sharewasi
Exit from that level, nifty fell into very short term sideways. Enter on 1 june, target 1- 8078 and target 2 - 8175
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sharewasi tdurai84
Thanks for the prompt reply.
What is your outlook for the June ?
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tdurai84 sharewasi
Reversal going to happen nifty fell to 6800 and 6300 level on this year end
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There is no room for retracement hit the target level one - 8078
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I have a same view.
Last 5th wave - ongoing 3rd wave till 8135 then correction and then maybe 5th failure way (which will be below 8135) or 5th wave might complete around 8200.
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Nice work. First target achieved. With that 8069 level bearish butterfly pattern also got completed. Tomorrow we may see a reversal.
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Nice counting, it was spot on. I couldn't went long. I was waiting for 7650 and missed the trend. Keep updating counts, very helpful. Cheers.
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