Nifty Daily Review 22-04-15

Hi,

Today was a volatile day and to profit from it you had to act very fast. The fifth wave ended with an extension of 38.2% which can be classified as a truncated fifth. The outcome of such waves is that the next move is usually swift and thus we should be looking for forming long positions unless the low of 8284.85 is broken. Also volume is one such factor based on which I can say that a climax was reached today

Nifty22

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