A possible downward 5 wave move discussed numerous time below 5992. Nifty bounced off while recording a low @ 5990 few days back. Yesterday corrected up to 6083 (6090 pivot discussed) and sold off quite sharply. Now it's poised to move further lower towards the positional targets discussed on 19th oct.
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| 5850/20 level was projected as the final target. |
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