Our Nifty forecast is seeing a trend to the upside. Any potential wave (v) is way too short relative to the previous impulsive waves. Therefore we expect wave (v) to be at a very early stage. We expect the previous wave (iv) low to hold if our analysis is correct. In that case we expect Indian stocks to rally well into 2018.
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Pls refer to our latest Nifty 50 update dated December 20th!