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Hi every one, As per my previous post there is possibility Nifty will touch the 10150 level and reversal is possible. Yesterday Nifty touch that level and hold on the resistance zone. Still reversal is possible on this resistance zone, Wait upto today close and enter short target around August low.
Here I'm giving my short term view on Nifty 50 using Elliott Wave Analysis. As you can see the structure is that of a Triple Zig Zag and currently we are in the last leg of this Complex Correction. I believe there is a high probability that Nifty will give a reversal b/w 8340 to 8370, if not then T3 : 8440 will be on cards. STRATEGY : Wait for reversal. ...