Yesterday with all the volatility , Nifty seems to have made the intermediate low and has carved out a bullish pattern.

In our last post I had given a possible fall to 14750 levels on 22nd itself.

‘However wave count does indicate lower levels till around 14750-14800 can be reached on monday itself’

The markets fell and made a bottom at 14650.

Now as long as we maintain the immediate level of 14950, the above wave count holds good and we should now go to higher levels.

Standard precautions  – Above are my views based on elliot wave count. As the elliot wave count is subjective(different people may get different results) please invest only after careful assessment of the prevailing fundamentals yourself.