indiacharts

A counter trend bounce

Short
NSE:NIFTY   Nifty 50 Index
Nifty bounced back to complete a 50% retracement of the fall and that can still be marked as wave B of a zigzag , or 5-3-5 fractal pattern. The next move should be wave C and 5 waves down from 14600 that can attempt to go to 13900 or 13600. Staying below 14600 is key

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