Nifty Prediction for 26/12/2019
Nifty posted a red candle engulfing previous 2 candles. This confirms end of wave 1 of 5 and start of wave 2 of 5. Wave 2 of 5 is minor correction. In wave 2 of 3 nifty was corrected by 224 points before wave 3 of 3 started. In our #share #analysis #software nifty is in risk sell mode which means if it closes below 12221 today then it will give 5 DMA sell signal. Stop loss for this is 12294. Intraday and Key Reversal signal are down. Lets watch for the same.
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Nitin Shripad Joshi