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Tuesday 17 May 2016

Nifty - "b" wave near to completion and "c" wave expected anytime now on downside

On 9 may blog of Nifty Weekly update, We have shared the probable path of Nifty on daily chart as below-



Check out Where Nifty are now on that path - 





Today candle formed hammer at top and breach of low tomorrow of this candle will confirm the reversal pattern.. hence keep watch important turns for the big rally downside. 

You need to understand the reversal signals to ride the trend fearlessly otherwise high chances of trap in this situation. 

Happy Trading!!!

Yogi

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