NIFTY – NEAR TERM BULLISH
Nifty – This can be seen from the 3rd chart given above. The 1st long term chart needs more price action to complete any significant pattern. The 2nd chart shows completion of B wave OR wave 2 in the expected upward trajectory.
Looking at all 3 charts above, one can conclude that , the near term bullish trajectory upward will write the next major wavecount.