Nifty in Waves - 23rd May 2020 - Ongoing Correction
As per my counts, we have completed A Wave & recently in B Wave we completed the inner "a" wave & "b" Wave & now we are in "c" wave. For this please go through the previous post by me.
So Now the inner c wave is panning out imo & here we might be having a 5 wave structure.
This count starts from the highs of 9450 - formed on 13th may & completed around 8850 on 19th may - 1st Wave
From the lows of 8850 nifty rose to the levels of 9150 on 22nd may - 2nd Wave.
So we might be having a 3rd wave coming in next week - high probablity. target around 8650/8550.
The above view stands negated once Nifty starts trading above 9500.
So Now the inner c wave is panning out imo & here we might be having a 5 wave structure.
This count starts from the highs of 9450 - formed on 13th may & completed around 8850 on 19th may - 1st Wave
From the lows of 8850 nifty rose to the levels of 9150 on 22nd may - 2nd Wave.
So we might be having a 3rd wave coming in next week - high probablity. target around 8650/8550.
The above view stands negated once Nifty starts trading above 9500.
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