When Nifty can fall 2200 points in one month, I won't be surprised if it rises by 2500 points in the next month.
Nifty is almost at the end of the downside correction, with wave 5 ending around 23800 - 24100 levels. I'm expecting a rapid recovery in Nifty, taking it beyond all-time high levels very soon.
Even if Nifty falls below 23800 sometime next week, I'm expecting a weekly close above 24000, which would suggest a good recovery in the coming days.
Trade with appropriate stoploss, as the market is always RIGHT!
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