NIFTY50 TECHNICAL ANALYSIS SHORT TERM VIEW
NIFTY50 running in wave 3 or wave c and now it can fall below 23044 level with stop loss 23540 shown in chart . Intraday purpose selling is better for targets 23175, 23150 and 23100 levels respectively with stop loss 23540 level. Strong immediate resistance area is 23328 to 23485 level .Final stop loss is 23610 level and inner calculations on 5 min chart showing double zigzag correction which can take nifty sharply below 23044 level with stop loss 23540 level .
QUICK FUNDAMENTAL LOOK
India's benchmark indexes inched higher on Wednesday, led by energy stocks, although worries over slowing earnings capped the gains on the blue-chip indexes.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .