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Nifty PSE Index

24 Dec 2020 ‚óŹ 10:59 AM

The Nifty Public Sector Enterprises index, bottomed in the month of Oct long term after years of decline and turned around in a 5 wave advance that I have marked as wave 1. Then wave 2 down followed recently and wave 3 up maybe starting. Do not rule out some more consolidation in wave 2 or a pullback in Minor wave ii of 3 before it heads higher. But 3=1 goes to 3620, another 30% up from here. This sector is just joining the bull market so early days for it to end without a 3rd wave at least.

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