We have 5 Wave Upward Impulse completed and then we have a Correction forming; The 5 Wave Impulse structure is gonna be WAVE 1 of the Higher Degree and the Correction that is about to form will be the WAVE 2 in the Higher Degree;
Now this Correction that is forming is a Flat structure because Wave A is a Flat; Wave B is a Upward Zigzag,
We have Wave A complete and now Wave B is forming; In Wave B as I mentioned we have a Upward Zigzag hence we have an Upward Impulse which is Wave A then Wave B is a downward simple correction structure; now Wave C of the Zigzag is forming;
In the Wave C of the Zigzag we have Waves 1, 2, 3 complete and Wave 4 is currently forming which is a Complex Correction as the Wave 2 is a simple correction; Hence justified the Sideways movement in NIFTY;
Once this sideways movement is over we have a Wave 5 in the Upward direction.