http://oceanadesigns.net/granite.php Nifty may retest the recent swing low 9950 or make a fresh bottom around 9800 levels before resuming the uptrend as per the Elliot wave analysis.
http://nepa.nl/our-staff/?page_id=12 These are just assumptions and analyst can be wrong sometimes. Ongoing selloff is a part of bull market correction and use this dip to build your long term portfolio. Previously, I was bullish for the April series but now I changed my short term view. FII’s long to short ratio in the Index futures is 1:5 which looks scary. FII’s are adding short positions on every rally and without meaningful a short covering upside will be limited for this series. Currently, the global markets are also not supportive.
Close above 10480 this whole pattern will be invalid!
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