nifty converting into 5 impulse wave formation which could result into nifty falling till 19000 levels. was long on nifty from 23300 levels, nifty turned bearish and instead of abc correction it formed into 5 impulse wave. now shorting it from 22600 levels. first target 21900 and second target 19000, after that a wave of correctional abc is expected where a base will be formed and monthly second wave will be completed.
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