As Indian Rupee turned more than 1% weak today and neutralised all steps by RBI to support it in previous weeks therefore sentiment depressed and continuous slipping of Indian Stock markets. Long Term Trend decider 200-Day EMA is at 5792 and Nifty is trading below it today once confirmations of sustaining below it will mean entering into Bearish phase as well as its possibility is high now.
corrective Wave-C continuation and following lines are being repeated which were told at 08:20:00 AM yesterday in "Last hope for Bulls at 5792"
corrective Wave-C continuation and following lines are being repeated which were told at 08:20:00 AM yesterday in "Last hope for Bulls at 5792"
Now almost confirmation of corrective Wave-C continuation after completion of Wave-A and B and its target will be below the bottom of Wave-A(5566.25).