The 4th Wave is Progressing - Rakesh Chandra

The market has behaved in a way human mass psychology does.
In the last report we said to wait for next 2 days, the market movement wouldl cool off and bears would be the winners. Yesterday was just as we expected.

Now this is is the 3rd-day consecutive decline. In the near-term this support area looks like an A wave. We would again see some upside as B wave and then again C down wave. This would be the termination of the 4th corrective wave.

With stoploss 3,637 short below 3,601.99 for lower target >3,545>>3,452>>>3,395. In the last report we had advised to take 3500 put or sell 3750 call option.