Nifty In flat correction Wave B about to complete.

NSE:NIFTY   Nifty 50 Index
Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A.

Wave B can strech upto 16695 which is 0.382 fibonacci.

Stop loss of this analysis will be 16703 just a point above all time high.

Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250.

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