dev161971

NIFTY OUTLOOK

Short
NSE:NIFTY   Nifty 50 Index
1-The retracement is zigzag.
2-Part A came in clear five waves.
3-Wave went up with a slight bend forming a-b-c
4-Wave B is unfolding in zigzag with with wave 3 in forming.
5-wave B went up slightly more than wave 0.5% of Wave A but is less than 61.8% of A.
5-Although premature to predict wave v but we can expect it to come around 9159
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