mhdebasis

mhdebasis

Nifty has completed a leading diagonal 3-3-3-3-3 structure and a zigzag B wave @ 15050.The Next Wave C will end at 13500 Levels this series.

mhdebasis

Nifty may have completed first cycle of wave V @ 15431 which was 1.618 Fib Retracement of the whole Down Move in Feb-Mar 2020.Generally Corrective waves retraces around 38.2-50% of the move.So I am expecting to retest 12400 which was earlier Nifty high. This holds true till 15430 is not taken out otherwise it will be fifth wave extension and can go to 16400.