A-B-C counter wave 2 almost finished today. Major degree trend reversal ahead.


Nifty in process of finishing a-b-c counter trend wave 2 today.
Most probably nifty takes U turn from here and head towards 11480 level.
In Daily charts, Negative Divergence and  Sell mode in Hourly charts , both confluencing towards downward direction.
11480 is Lakshman Rekha for both Bulls n Bears.
above 11480, Bulls holds strength.
Below 11480, Bears get strength.
Regards,
Suryadev Bandari
Research Analyst
www.earningwave.com

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