Nifty View - 27th March 2020

NSE:NIFTY   Nifty 50 Index

As we can see the chart is self explanatory. As per the waves we have completed 3 Waves for Sure & the 4th Wave is running & seems it is yet to complete. It might complete around Month end, anything in between 8500+ - 9300.
There is still One more Wave pending, the 5th Wave, which might be either equivalent to 1st wave (1050 Points) or 61.8% of the entire wave from 1st to 3rd wave (ie around 4440 points - 61% comes to 2700 Points).
So ideally the 5th wave can be anything in between (if we consider the high of 4th wave as 9200) then its in between 8100-6500.
Lets be prepared Mentally for these down moves in coming days/weeks, before investing in a big way.


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