NIFTY Opening on 8th march 2021

In my last post I had mentioned regarding coming to a decisive analysis only after looking at the price action till 15170.

The markets had a pull back and made a very clear expanded flat .

I had also given a cautionary approach of not taking any more positions (and booking profits) as the major 5 waves MAY have completed on the long term chart

What to expect on Monday the 8th march

Markets may have a pull back rally till around 15100 or so. However this most likely will be sold into and a downside of 14000 or so cannot be ruled out SUBSEQUENTLY.

However as always, please keep in mind the subjectivity of the elliot wave analysis. This analysis or any other analysis is purely educational and should not be used as a primary resource for your investment. Please consult a certified fundamental analyst before making any investments.