nifty spot

NIFTY IS CURRENTLY IN A DESCENDING TRIANGLE@ IV OF 5 ..... WAVES II AND IV R CORRECTIVE WAVES IN AN IMPULSIVE LARGER WAVE, AND HENCE A DIP TOWARDS 11820-880 WOULD BE PRUDENT.... ONCE HOLDING, WAVE V OF 5 WOULD UNFOLD TO TAKE NIFTY HIGHER TOWARDS 12200-12800 ZONE. IN AS MUCH AS MOST CHARTISTS HAVE MORE OR LESS SAID THAT THIS UPMOVE V OF 5 WOULD BE THE END OF THE UPMOVE CYCLE CURRENTLY, I AM HOWEVER NOT CONVINCED. I SEE THIS CYCLE OF SMALLER WAVES FORMING WITHIN A LARGER WAVE AND HENCE I WOULD LIKE TO GIVE AN ALTERNATE TO THE WAVE CYCLE, WHICH I WILL DO IN THE EVENING