Nifty pre- May Mayhm !!

The Nifty pre-May mayhm  was dected by us 5 days mack in our post   http://eqtrend.blogspot.com/2015/04/nifty-update-abc-correction.html      when Nifty was trading at 8850 levels. In the last 4 trading sessions Nifty has given up 400 points in one of the steepest fall of 2015. The fall has negative correlation to the the rise of  Shanghai Composite which seem to be attracting FII as they continue to book profit here at higher levels.

The current fall of Nifty  may be wave 3 of C with the overall wave C target of 8100.