NIFTY - Time for a healthy correction? (Update)

As updated earlier, NIFTY hit the 10,500-10,600 range and has now started the move down. 10,480 is a crucial support (the steep small trendline + yesterday's close) - break of which will trigger the move we anticipate.

Trade attivo:

As mentioned earlier in the day, once 10480 level got breached market quickly tumbled another 200 points. More red likely to come tomorrow.

Trade chiuso: stop raggiunto:

While the market is still in the wedge, the correction didn't complete as expected.