Nifty made an upmove on expiry day, though weak in breadth and not much strength on volumes.So this upmove indicates that the fall on monday was Wave4 on daily and we are in Wave5 daily.
Important points for today.
1. Nifty upmove of 0.7% with 0.75 breadth.
2. 6th day of closing within 5200-5300.
Since the upmove of 2 days is weak in strength, so this upmove is expected to move ~5300 or so only.There should be Wave2 weekly after this , which should retrace part of ~600 points rally.(4675- ?)
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