Thanks Crown
I was under the impression that markets will correct upto 4500 till oct. end
May be i am doing something wrong somewhere in tech analysis
Bro, you are doing it correctly, but not following it in that manner.
When you are expecting the markets to correct around 1000 points, then it is but natural to understand that there has to be some reason behind it. Now, if the reason fails, so as the trend. Therefore, when you have the first proof of moving it in contrary direction, simply change your opinion and then, apply ur analysis in the direction of the market..
I am sure, if you apply the same analysis of yours in analysing the upside movement of Nifty, you will be with the trend.