NIFTY – NOTWITHSTANDING the sudden fall yesterday, after the super rise in the morning, the wave count still remains the same. The fall is still seen as a probable ending for the 4th wave which MAY have finished or been on its last legs.
The impulse wave commenced from 16800 is subdividing and this can take markets to greater heights. Volatility is expected as we move up toward the completion of the 3rd wave, and the wave further subdivides
NIFTY – WHAT THE ABOVE MEANS
1. We are still on the 5th CYCLE WAVE bull run
2. The minor wave in the final cycle wave is subdividing or in other words we have much more legs remaining on the upside.