nifty corrective wave "b" up on... immediate hurdle 18422

#nifty hourly chart.. broken down the channel ..1st sign of weakness...
abc correction on... of which wave b up on..
immediate hurdle near 18422 (astro level) and psychological level 18500 would be resistance zone
corrective waves are time consuming..
now one should be cautious at higher level as after wave b up... sharp wave c down may start...
one should wait patiently and take short position only if selling pressure is visible.

Yorum:

made low near 18270 today.... almost 150 points down from our given astro hurdle level