#NIFTY fall from 11794 - #Elliotwave structure

Nifty's 1000 point fall from 11794 can be interpreted as shown above. If the expected upswing is corrective in nature we should have a large selloff post that. This could be an opportunity to build short positions. We'll watch the structure to get a view

Alternate wave count : see below in Green - this should be and A-B- C correction as well but this view is secondary now and we need to see the structure of the upswing to consider this a possibility