All waves have been marked on the chart .... Waves A and B of the present correction are over and the final Wave C of the correction appears to under progress ... The entire correction being a Flat/ Extended flat, Wave C should be retracing Wave A entirely ... Wave C is an impulse with Wave 1 as a leading diagonal. In Wave 1 of Wave C, the fifth wave was a failure hence the a-b-c correction (Wave 2) retraced Wave 1 almost entirely ... Presently Wave 3 of Wave C appears to be under progress ... My opinion on Nifty50 is bearish till the entire correction gets completed till the level of support as marked on the chart ... Views expressed by me are purely for educational purposes and not for trading any instrument