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sreebhashyam
Apr 19, 2024 3:13 AM

NIFTYMIDCAP: South "Pole"  

Nifty MidCap Select IndexNSE

Description

High beta gets the stick and carrot in the market moves.

We have the tradable select mid-cap. We did write a close above 10850 warns higher, but we witnessed a sharp sell off from there.

Good names from HP/BP pushed in the day early but then wittled.

The EW counts navigate and guide you very well. Save one trusts and does the hard work. It is not a pull and tell a story place!

While we focus on the corrective wave C of largeer degree, here we just done with wave2 and we have 3-4-5 to go.

Looks wave 3 in all earnest today and can aim toward the 10500 we are talking of near 3%. Yes.

So while 10830 caps we are clearly and confidently moving towards the low of Wave A or even deeper closer to the 10 K. Not a day's view. But who knows!
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