NIFTY Opening On 18th Dec 2023
Most likely we are near the end of the present impulse wave which commenced from 20800 or so. Another 100 -200 points bump up may happen as part of wave v as shown above. Then we should have a correction within the high probability bull run.
MOST LIKELY THE CORRECTION WILL INVOLVE THE FULL IMPULSE BEGENING FROM 18800 as shown below
Above scenerio most likely (Although the wave (v) can be part of further extension upwards.)
In case we correct the full impulse the minimum correction will be till about sub 21000 levels (only when the impulse is fully completed with a 100-200 points bump up as shown in 1st image.