1ST ALTERNATIVE
In my last update , I had indicated the level around 23000 a very crucial on on the Nifty. I had also mentioned clearly that at these levels we need to observe how the market behaves in order to confirm if the bottom is at these levels.
Nifty has taken a support at above levels. However , the ambiguity is still there . For that reason I am giving two alternatives
ALTERNATIVE 1
In this , we assume that the bottom is made with a clear ABC wave, and the bull run should resume from hereon .
ALTERNATIVE 2
In the 2nd alternative, we have a flat in the making. In this the markets need to make a lower bottom but expect the markets to rise within the flat till wave B
In both alternatives we have an upmove coming notwithstanding a minor/medium pulldown on monday