As per the updated wave count, 5th Impulsive down wave has started in market. Nifty can breakdown 8000 mark. Avoid bottom fishing. Bottom has not made yet. Protect capital. Do not average in lossing stocks. This is falling knife. Do not try to catch it. Go with the flow. This momentum favors short selling traders. This crash very different from 2008's. Small and midcaps already bleeded. Now large caps started bleeding. Large cap stock can bleed more on downside. Short sellers still find shorting opportunity in large caps. Choose stock wisely. Next downside target 8000. Regards, Suryadev Bandari Research Analyst
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