On Daily chart, MACD is about to break in positive zone with RSI already above trigger line,
Nifty is all set to achieve the upper band of 3050 - 3070. Stop loss of 2860 is must in this volatile time.
As per Elliot Experts, Sensex can go upto 9770 as a part of C5 wave. Also it coincides with 62% retracement. If it is able to cross this level then next target can be 10200 level.
Time Analysis indicates a bottom around March, & as per the Elliot Wave the bottom can be around 6200.
Readers can draw their own conclusion.
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Disclosure: I may have position in above said stocks/index for myself/ family members / friends.
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