Nifty is at very crucial stage as we will get to know the market move tomarrow.
As per the credit policy, reverse repo had a cut of 50 basis point which good news for the market today.
But as per Elliott wave we are still below the upeer trend line.
If Nifty opens above the trend line then we will see sharp upmove tomarrow as we are currently @ resistence level.
It looks to be we are still doing the abc pattern under B wave.
Let us watch tomarrow to get the idea of the next few days market move.
Happy trading!!!
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