Nifty had a deeper cut than anticipated. HOWEVER THE 5TH CYCLE WAVE BULL RUN STILL REMAINS. The deeper cut signifies a PROBABLE two or three zigzag pattern, as we will be correcting the whole rise from 18850 level.
HOWEVER TODAY MOST PROBABLY A PULLBACK RALLY, WHICH NEEDS TO BE MONITORED CLOSELY
NIFTY BANK- MAY RISE WITHIN THE CHANNEL
NIFTY PHARMA IN STRONG BULL RUN, BUT NOW DUE FOR INTERMEDIATE CORRECTION
NIFTY IT IN STRONG BULL RUN NOTWITHSTANDING CORRECTIONS NOW.
FMCG SHOWING RISE OVERALL
NIFTY AUTO TO CORRECT
NIFTY OIL AND GAS TO CORRECT
