NSE:NIFTY   Nifty 50 Index
3
On 11-11-2016 Nifty has made a 5 wave move down. It appears that this move down has already been completed or could possibly go down another 50-75 points into the support zone .

Subsequently over the next 1-2 trading sessions we should see a bounce back to 8400-8440 levels where there are multiple resistances.
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