Nifty spot chart, here are some levels marked on chart along with possible wave structure. Let's see what happens next. Wave ii of 5 ended up retracing 78.6% and touching the lower Bollinger band at 16836, The midway point and resistance are at 17771. Wave III of 5 should carry us to new highs above 18600 eventually.
Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing