Counter move from 11770-11990 completed. Now impulsive down move to begin from here towards 11800

Nifty fell from 12100-11770 and retraced 61% of previous fall. Now impulsive down wave is due from here. Impulsive down waves often steeper corrections. Be alert on holding long positions. Below 11870 free fall in market.
Suryadev Bandari
Research Analyst

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