It is making a classic WXYXZ pattern, in which, its in the last wave down. In the next 10 days or so it should be able to complete the move down. This will be more clear in the coming days. However it appears that after an initial bounce to 8400 levels Nifty should correct to around 8100 levels.
Hi. Yes it is. Seems like a 5-3-5 under formation, should retrace abt 38% and then down to around 7800 or thereabouts..in another 5 wave move but slower.
The charts have been updated. We should go up & then down..