Nifty Day chart Wave Analysis

Nifty Day chart wave analysis for long side priority
If we read the price of Nifty on day time frame from wave prospective then our first priority should be long side. Nifty moves in significant low 24340 to 25161 impulse wave. After that impulse wave it is forming running flat corrective wave which is denoted by as second wave third wave anticipation for all time high. At present Nifty is trading in internal corrective wave as regular flat correction which is denoted by abc minuette degree. This wave almost ends around area 25480. From here a motive wave should be formed on lower time frame. Aggressive traders can buy from here. Placement of stop loss is going to be below 25450 and 25450 is the invalidation point of the falling wave If market trades below 25450 it does then re-analyze the market structure and understand. The conservative traders can buy on breakout. The breakout level is 25630, from here a long wave should emerge which will make a new high, minimum 27034 or extended 27500,

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Disclaimer
This is my observation and is being posted only for educational purpose. Before taking any trade, consult your financial advisor and then execute the trade. I am not a SEBI registered financial advisor.