Another narrow range session.The much awaited correction is getting delayed as everyone expects it.Nifty moved in ~ 40 points range with -ve breadth.
Important points for today.
1. Nifty up 0.3% with .85 breadth.
2. 28th day of rally from feb6.
I anticipate correction to happen on Monday-22/3.The move after correction is difficult to say.
This will be the sixth straight week of up closing.This kind of movement after a 10 month rally should end up in violent move in up/down direction.
If Nifty goes ~5100 and then moves up 5300+ , I would consider that as Wave 5 on daily chart.
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