Nifty opened gap down today and as posted yesterday, after an initial rally, Nifty continued correcting as part of lower degree wave (b) of higher degree Wave B ... However, as per the fib retracements marked on the chart, it appears that the correction isn't complete yet ... Hence view for tomorrow continues to be bearish ... 11420 being a strong support zone, expecting Nifty to bounce back from there.
Note - Views are personal and meant for educational purpose only, not for trading any instrument
Note - Views are personal and meant for educational purpose only, not for trading any instrument