Kshitij_008

Nifty View - Budget Feb 2020

Long
NSE:NIFTY   Nifty 50 Index
Hi,
This Chart is self-explanatory, IMO, we have completed 4 waves.
5th Wave is going on, but SL is 12150 spot ( CLBS - 1 HR ).
This 5th Wave may complete around 12520, wherein a bigger correction will set in.
IMO, The Budget will not be a good one in lieu to economy, hence the correction.
As of now, we can go long with SL of 12150 & exit all around 12480/12520.
The bigger target at downside comes around 9K & may take around 3/4 Years of the time.

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