Hourly chart shows mild double top formation at 932 formed on 6th March, little weakness in nifty can drag it down to 925-926 levels. Stop loss should be 938 breaking which would confirm a further upward movement.
It seems we are yet to complete Wave 4, per my previous analysis nIfty would have been moved higher to complete Wave 3 of 5, but today's drop just after approaching 78% retracement suggest that we just completed the correction B, and drop was the completion of C. As C will complete smaller 5 waves, before closing small pull back looks like completion of wave 4 of...