Tuesday 8 October 2019

THE ONGOING CORRECTION. WHERE IT IS LIKELY TO END?

@ 7.30 AM. 9.10.19

The ongoing correction still has more left as there are no signs of reversal seen till Monday market closing hours. The rally from 10690 to 11694 - 1000 points rally- has already retraced 50%  and closed below 11192 and staring at 11071 which is 61.8% .  As per technical, nifty should take support around 11050-11070 to resume its uptrend. 

If it breaks below 11k, then my reversal at PINK is for sure. You can confirm similar reversal at my level during last month. 





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