In monthly chart wave completed at 6357, wave completed at 2252,
and in wave may be 5th wave is running from 7511.
38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.
In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.
Hey Guys, How's your Saturday panning out ?! Today we are going to do an analysis which is different from our usual style. Actually we are gonna take Xauusd & Nifty for comparing the market dynamics & to realized how they work in sync. I had this in back of my mind for a while but cudn't post due to other works, so Now its the...