Analyzing SGX NIFTY FUTURES for future movement of NIFTY INDEX is a good IDEA.
Here ALSO the 'B' wave of 4th wave completed at 12821.
next would be ABC down leg to unfold. since 4 th wave B has gone more above start of A ,we can expect a running correction (0.618*A) 11523 or an Expanded or irregular correction(1.618*A) 10156.
Having our GOVT anounced more stimulus yesterday we may expect a SHALLOW or RUNNING FLAT correction in the proceeding down leg of wave C
NO doubt we can initiate shorts as smart traders
Happy DIWALI
Here ALSO the 'B' wave of 4th wave completed at 12821.
next would be ABC down leg to unfold. since 4 th wave B has gone more above start of A ,we can expect a running correction (0.618*A) 11523 or an Expanded or irregular correction(1.618*A) 10156.
Having our GOVT anounced more stimulus yesterday we may expect a SHALLOW or RUNNING FLAT correction in the proceeding down leg of wave C
NO doubt we can initiate shorts as smart traders
Happy DIWALI