Nifty wave Corrections: expect 10637 minimum

padiyara Updated   
NSE:NIFTY   Nifty 50 Index
Nifty:10989 shows a Trend Line Break Down.
Minor wave 5 seems to be completed at 12430.50.
if this turnout to be true Nifty is completing multiple degree waves here.
A minor wave 5, an intermediate wave (5) and a Primary wave [3[.
Minor wave 5 is completed in 5 candle and corrected swiftly in 3 candles,
to break down the assumed 2-4 line, can be taken as sign of completion of trend.
In this case wave wave [3[ is extended here and can retrace to wave [4
Trade active:
Caution: Nifty is trading near crucial support level,
2-4 line support and 50% retrace level is 7548

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