Nifty can can go further down, watch for these levels 8066_8016 _7952. The wave counts marked here is not a continuation of any major wave. it is only a count for the current two or three swings. That is how it works for me. Then if I find more clarity in joining them with classic rules, I put and effort to join them for the next degree. Till then all are an impulse ,a corrective or an X. Please bear with me, I am still a student for the last 20 years, since I entered in to finance world.