KPIT has hit my SL mentioned in the post given below, however has strong support around 121.8 levels and A wave correction should end anytime this week and we should see an upmove from current levels.
So net-net inspite of this fall today from 131 to 122, KPIT is still a good bet in mid space to buy. NIFTY on the other hand has started to correct today, 5365 was an important level and it broke that and next at 5350 which was also broken. Hence buy NIFTY again around 5290 levels.
Currently NIFTY is going through a wave 4 correction (will explain that as part of NIFTY post separately as part of Scenario 3 getting confirmed)
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