CNXMNC index broke the triangle (height of 1775 points) on the downside opening its drop towards 10600 which is also the resistance-turned-support levels broken in early part of year 2017.
Expect major contribution from Consumer Goods stocks which constitute 40% of CNXMNC index weight.
Wave-iv retraces exactly at 61.8% of wave-((ii--iii)) distance at 10045- High.
Where traders make mistakes- counting 1-2-3-4-5 --will you go & take buy or sell -think again because kindergarten students also can count 1-2-3-4-5- if this chart is shown to him. Seriously, you don't believe-try showing a printout of this chart to someone close to you-...