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.
Suryadev Bandari
Research Analyst

Popular posts from this blog

Up move to continue. New Highs to form again.

Exhaustion gap formed. Bulls strength eroded???.

Down trend to resume again. Do not fall in Bull Trap.