Is NIFTY now ready for wave 3 ?

As posted earlier Nifty is now nearing the lifetime high. Considering that many of world indices are making lifetime high there are high chances that NIFTY might also join the party.

If wave 3 is longer than the wave 1 then target nr 10k for Nifty would be possible. Clear indication of start of wave 3 will come only after Nifty closes above 6400.

No comments: