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Update Dec 19, 2016

Bank Nifty:


 No change in view. It is now ripe for BIG Move, probably on down side. Days to watch Dec 20-21.

 It formed "Doji" candlestick pattern in the middle of the range movement. It is sign of a indecisiveness!

Asian Paints:


 Prices moved below 890, that is confirmation of completion of wave b of post ED a-b-c move. So wave c should achieve its target below 800(800/720).
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