Nifty have completed one leg of down move and now forming corrective formation, as per analysis, it is wave 4 formation which generally retrace the wave 3 in the range of 38.2-50%.
Expecting it to be wave 4 formation because Nifty didn’t break the low of 16747 which is the First inducement on the Weekly chart
Expecting it to be wave 4 formation because Nifty didn’t break the low of 16747 which is the First inducement on the Weekly chart