Nifty EW Update
Confusion remains:
Either bottom done in an ABC in E
OR it's just 3rd wave in C3 done and 4th going on.
Crossing 22800 should give confidence that it's not C3, and we could have made a bottom.
All in all, stocks are doing well, Metals, PSEs, Capital goods etc are already breaking above the levels they were at when Nifty was at 23k.
Either bottom done in an ABC in E
OR it's just 3rd wave in C3 done and 4th going on.
Crossing 22800 should give confidence that it's not C3, and we could have made a bottom.
All in all, stocks are doing well, Metals, PSEs, Capital goods etc are already breaking above the levels they were at when Nifty was at 23k.
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