Nifty video Update

Nifty is the weakest of the indices, each rally ends in 3 waves making it a corrective rally unlike the rest of the world markets. So the risk of a short-term deeper correction is open. Below 15000 we can go to 14750-14600. Watch the 20dma at the close, if broken we are going lower first. Bank nifty and midcaps to follow then.