"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point.
Nifty experienced a solid pullback in the last session, but the closing retraced a little bit. According to the wave structure, it could be in the 4th subwave. So, if the market opens neutrally, the 4th might consolidate a bit. After that, if it breaks the previous high, then we can consider that as a 5th subwave. It might reach a minimum of 22211 to 22262. If the 5th wave rejects there, then we can expect a correctional wave. On the other hand, if the market sustains around the 22262 level, then the 5th may extend further.
Nifty experienced a solid pullback in the last session, but the closing retraced a little bit. According to the wave structure, it could be in the 4th subwave. So, if the market opens neutrally, the 4th might consolidate a bit. After that, if it breaks the previous high, then we can consider that as a 5th subwave. It might reach a minimum of 22211 to 22262. If the 5th wave rejects there, then we can expect a correctional wave. On the other hand, if the market sustains around the 22262 level, then the 5th may extend further.