Nifty – We have run up from the baseline(marked wave 2 in blue) almost in a vertical line. This rise of 900 points has been almost without breaks. Huge rises like this AT TIMES can end in ending triangles. Ending triangles are 5-wave triangles, of which the 5th wave within the triangle is underway. The last 5th wave MOSTLY reaches the upper boundary, but it is NOT a certainty.
NIFTY – WHAT TO EXPECT
Markets are on a bubble 5th wave bull run where the upside will be on the fast track. Right now within the next 100-150 points rise expect a correction up to 3-400 points, after which the 5th cycle wave bull run will resume.