Nifty fell exactly up to 76.4% retracement level and reversed sharply. But what is the next ? Is the major trend has changed now or still remain in negative. Posting below two chart to understand the possible pattern.
According to my wave count 5884 to 5934 will provide good selling opportunity. This view will be invalid if nifty cross above 5934 level. If nifty cross above 5934 we will post another wave scenario.
click on chart for its larger view.
According to my wave count 5884 to 5934 will provide good selling opportunity. This view will be invalid if nifty cross above 5934 level. If nifty cross above 5934 we will post another wave scenario.
click on chart for its larger view.
