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Minor correction in Major upmove. 23.8% retracement done at 11086. Upmove to resume.

 Nifty corrected from 11800 to 11085 today. Wave 3 begun from  approx 8800 to 11800.

Recent correction done 23.8% retracement of wave 3 done. 

From here on , nice and decent upward move likely to begin towards new highs.

Its time to fresh investment for long term investors. Traders can initiate fresh long positions with strict stoploss below 10900. 


Suryadev Bandari

Research Analyst

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