The above Elliotwave interpretation of Banknifty's nearly 5000 point fall in less than a month sports a clear 5 wave structure. This seems to have ended and we could see a corrective rally into the next week. Any rally should be a setup for getting into short positions
We should consider that the 5000 point fall - nearly 20% in less than a month. That is now borderline bear mkt criteria. This is also the largest and swiftest fall since rally from the Mar low
We should consider that the 5000 point fall - nearly 20% in less than a month. That is now borderline bear mkt criteria. This is also the largest and swiftest fall since rally from the Mar low
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView